Municipal disclosure

Mini-bond investors were damaged by the South Carolina-owned utility’s disclosure omissions, according to the suit.

Numbers showed 167 submissions for Rule 15c2-12's Event 15.

The new amendments to be filed to the Securities and Exchange Commission will give disclosure responsibility to the lead underwriter, meaning less duplicative disclosure for issuers.

The city moved up its bond notice and document postings in response to a BondLink report saying investors want more time to review deals.

The court shouldn't accept banker Peter Cannava's "narrow and cramped view of materiality,” the SEC urged.

Ahmed Abonamah, a senior counsel to the director in the SEC’s Office of Municipal Securities, told the National Muni Bond Summit SEC Chair Jay Clayton has concerns about the timeliness of issuers’ financial information disclosure.

Mid-size issuers may be experiencing the greatest impact, with one municipality even reporting that an underwriter withdrew a bid over a disclosure requirement.

Glitches in California's electronic financial system are delaying annual financial reporting documents, said Controller Betty Yee.

The MSRB plans to roll out changes to simplify the submission process on EMMA.

Blockchain could benefit the muni market, but receives pushback in an industry historically slow to change.

Banker Peter Cannava may be left to battle on alone, after the Securities and Exchange Commission and Wells Fargo told a federal court they have an agreement.

Bond lawyers asked for a safe harbor for issuers to provide unaudited information without needing to be fearful of anti-fraud laws.

Bond lawyers pushed for information from the SEC's top muni official Thursday.

State Sen. John Moorlach's legislation would make California only the second state to adopt the machine-readable computer language for financial documents.

Some issuers were concerned about precedents they would be setting and questions underwriters could have regarding compliance with the amended rule.

Timely and complete accounting and financial reporting are as critical to municipal professionals as is disclosure, according to Jeffrey Previdi, GASB vice chairman. Long-standing standards and practices are being brought up-to-date to remain compatible with today's rapid-paced changes. John Hallacy hosts.

Careful reading of the amendments reveals that there are three types of events — not just two — which may have to be reported.

The number of trades increased by 2.9% in 2018, the highest it’s reached in the last five years, while the actual dollar amount remained stable.

While public corporations are required to file an annual audit within 60 days after the close of the year, municipal bond borrowers often take close to triple that time or longer.

An SEC muni office official discussed 15c2-12 and more on Tuesday.