Financial crimes

The lawsuit filed in federal court is now the second national suit alleging fraud in the variable-rate debt market.

The defendant's claim that he's a victim of the Brogdon nursing home frauds shouldn't cloud the court's decision, the SEC said.

Municipal enforcement cases including SEC vs. Dwayne Edwards are among those that have been halted.

A Jan. 22 hearing has been set at which time a judge may order Dwayne Edwards to disgorge $766,850 plus interest and pay civil penalties.

The SEC announced the settlement with former UBS broker Chris Rosenthal, the biggest yet from its ongoing flipping investigation.

Fitch placed the A-plus rating on credit watch negative a week after CMEEC announced its own probe into embezzlement allegations.

After last week's revelations about alleged wrongdoing by CMEEC officers, the issuer has appointed a special committee to oversee its own investigation.

Connecticut Municipal Electric Energy Cooperative officials allegedly used CMEEC funds for lavish trips to the Kentucky Derby and a luxury golf resort in West Virginia.

The Securities and Exchange Commission has sent letters to the 12 top banks and broker-dealers that remarket variable rate demand obligations, seeking information and documents on their remarketing and rate resetting practices.

The Senate voted 85 to 14 on Wednesday, mostly along party lines, to confirm Republican Elad Roisman to become a member of the Securities and Exchange Commission for a term expiring June 5, 2023.

They are accused of improperly diverting newly issued municipal bonds to certain broker-dealers for a fee at the expense of retail investors.

Federal securities regulators have dismissed the most serious claim against the city’s airport authority and removed a top official from litigation altogether as part of a settlement reached in the long-running legal battle over a controversial tax increment bond offering in 2008.

Less than three weeks after Harvey Public Library District officials held a groundbreaking ceremony for their multi-million-dollar library expansion in 2015, the Securities and Exchange Commission launched an investigation into the project's funding source, records obtained by the Daily Southtown show.

Navnoor Kang, a former director at the New York State Common Retirement Fund, wants home confinement rather than prison.

In a special Bond Buyer audio production, we explore the lingering legal and social issues behind the U.S. v. Carollo, Grimm and Goldberg municipal bond case, and its overturn on appeal. Paul Burton hosts.

The city won back its investment-grade rating ahead of the refunding deal that marks its return.

A federal judge found that a former UBS "banking champion" broke the law when he advised customers to use lines of credit to invest in risky closed-end bond funds.

Cities deny NAM charge that they committed securities fraud by failing to adequately address climate risk in their muni bond official statements.

John Lindner, a former Franklin-McKinley School District, stole $28,000 in school bond campaign funds.

Alum Rock Union Elementary still faces challenges from probes into alleged fiscal mismanagement.