Former Miami, Fla. budget director Michael Boudreaux is appealing to the U.S. Supreme Court after a federal appeals court decided not to reconsider its decision to disqualify his immunity from a Securities and Exchange Commission lawsuit.

Muni bond issuers in Texas posted updated disclosures to correct previous omissions under the Securities and Exchange Commission's MCDC initiative.

Some non-dealer municipal advisors wrongly believe providing advice to an issuer in their capacity as a municipal advisors means they can also act as an intermediary between the issuer and investors.

Municipal bond groups are seeking federal appeals court guidance in a ratepayer appeal of part of Jefferson County, Ala.'s Chapter 9 bankruptcy plan, saying the district court decision allowing a challenge of the plan threatens to undermine market stability.

As it steps up its efforts to police the municipal securities market, the regulator is turning to potentially career ending sanctions for municipal officials.

The Financial Industry Regulatory Authority has fined two firms a total of $7,500 for violations of Municipal Securities Rulemaking Board rules, FINRA said in its monthly disciplinary report Monday.

A federal judge in Chicago has signed off on Harvey, Ill.'s settlement with the Securities and Exchange Commission over charges it misled investors by diverting bond proceeds from their intended use.

Teaming with state and local investigators, the Federal Bureau of Investigation is launching a sweeping investigation of public corruption in the Lower Rio Grande Valley of Texas.

Offering document misstatements related to continuing disclosure violations has been widespread and upcoming enforcement actions will provide guidance on the Securities and Exchange Commission's views, the SEC's muni enforcement chief told issuers Thursday.

The Airport Commission of the City and County of San Francisco has agreed to pay the Treasury $67,000 and retire $1.145 million of Series A variable rate revenue refunding bonds issued in 2010 to settle a tax dispute with the Internal Revenue Service.

The city of Harvey, Ill., has agreed to settle Securities and Exchange Commission charges that it misled bond investors by diverting proceeds away from the projects for which they were intended.

On Wednesday morning the FBI arrested an official in the Puerto Rico Highways and Transportation Authority.

Securities and Exchange Commission member Daniel Gallagher wants more action on pension accounting and more staff devoted to the municipal market.

A beleaguered Victorville, Calif. airport authority notified bondholders in a filing that it expected to default for the seventh time on bonds it issued to redevelop the airport from military to civilian use.

Many issuers were expected to spend Monday scrambling to finish their submissions to meet a Dec. 1 deadline for the Municipalities Continuing Disclosure Cooperation initiative.

The Securities and Exchange Commission is seeking public comments on the collection of disclosure information under its Rule 15c2-12, but may get proposed revisions to the rule and criticism that its estimated burdens for compliance are unrealistically low, some sources said.

On Tuesday morning several Federal Bureau of Investigation agents raided the headquarters of the Puerto Rico Aqueduct and Sewer Authority.

Another issuer has disclosed its participation in the Municipalities Continuing Disclosure Cooperation initiative, a move the securities law community agrees is probably not wise.

A registered investment advisor who worked with Texas Attorney General-elect Ken Paxton could lose his securities license after a hearing Jan. 27. Paxton was fined and reprimanded for violating state securities laws in directing business to Mowery.

The International Municipal Lawyers Association has filed a friend of the court brief asking a federal appeals court to reconsider its decision to disregard a qualified immunity defense for Miami, Fla.'s former budget director, warning that allowing the Securities and Exchange Commission lawsuit against him to go forward would negatively affect municipalities everywhere.