Financial crimes

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.