Former RBC Capital Markets managing director Mel Schonhorst achieved a measure of success after seven years trying to clear his name in a Texas investigation that cost him his job though he was never accused of anything.

Lawmakers are concerned about the Securities and Exchange Commission's extensive use of administrative proceedings to enforce securities laws in the wake of the Dodd-Frank Act, a trend that has not extended to municipal cases.

Former Miami budget director Michael Boudreaux wants the U.S. Supreme Court to grant him immunity from a Securities and Exchange Commission lawsuit that has attracted a lot of attention from issuer officials and attorneys.

A federal ruling against states may set a precedent for risky local spending on broadband, credit analysts said.

Lawyers, issuer officials, and others consulted about the fund agreed that the three firms did nothing against the rules when they gave the money to the fund, which is governed by a board independent of the city leadership and which does nothing to politically support Garcetti or any other political interest.

Securities and Exchange Commission member Daniel Gallagher is calling for Congress to mandate that municipal issuers use Government Accounting Standards Board benchmarks, possibly as a condition for the bonds to be tax-exempt.

The Missouri Joint Municipal Electric Utility Commission is selling $158 million of power refunding bonds tied to the controversial Prairie State coal plant, which recently won a round of fresh praise from ratings analysts.

Many bond lawyers feel that with all municipal rating agencies soon to be beaming live ratings to EMMA, the Securities and Exchange Commission should amend its rules so that issuers no longer have to worry about filing notices of upgrades and downgrades.

Bond lawyers are warning their issuer clients that they are operating at their own peril if they do not spend their bond proceeds in a timely fashion, since Internal Revenue Service agents in audits are raising concerns about proceeds that are spent late or not spent at all.

The Securities and Exchange Commission's enforcement division is contacting dealers who reported their own possible violations of securities laws under a voluntary enforcement program initiated last year, giving them two weeks to decide if they still want to take advantage of the lenient settlement terms.

Large financial firms can expect continued scrutiny for risk management, internal controls and governance, Federal Reserve chair Janet Yellen said in New York.

The Municipal Securities Rulemaking Board is likely to propose requiring alternative trading systems to report quotation information on municipal securities to it in the future, industry officials said after listening to speakers on a federal regulatory update panel at a conference here on Monday afternoon.

New York City public advocate Letitia James has filed a friend of the court brief in support of the Securities and Exchange Commission's pay-to-play restriction on investment advisers, which is under attack in a lawsuit filed by two state Republican parties last year.

The Securities and Exchange Commission is investigating bonds issued in 2013 by the former scandal-ridden Orlando-Orange County Expressway Authority and underwritten by Citi.

Par volume traded for municipal securities was $2.77 trillion in 2014, the lowest volume in over a decade, according to the Municipal Securities Rulemaking Board fact book released Wednesday.

The SEC concluded without charges an investigation it launched into Bell, Calif.'s bond debt in 2010 after fraud perpetuated on the city by the former administration came to light.

Securities and Exchange Commission officials are seeking changes to practices in the municipal market and more stringent actions to enforce rules protecting investors.

Former Pennsylvania Treasurer Rob McCord pleaded guilty in a Harrisburg courtroom to two federal counts of attempted extortion.

The Financial Industry Regulatory Authority has fined two firms $370,000 for violating securities rules in their management of Puerto Rico funds, and dinged another firm $50,000 for violating trade reporting requirements.

The ruling that the former mayor was liable for violations of securities laws as a "control person" is one of which every official of a state or local government issuing debt should be aware.