Ohio-based American Municipal Power Inc. has received a subpoena from the Securities and Exchange Commission tied to the Prairie State coal-fired plant, according to public documents obtained by an environmental group.

Though sequestration prevented two federal regulators from sharing their perspectives, other panelists speaking to bond lawyers in San Francisco predicted more enforcement and whistleblower activity.

The Securities and Exchange Commission is still months away from finalizing its definition of municipal advisor, but is poised to step up muni bond enforcement efforts in general, the head of the SEC's Office of Municipal Securities told bond lawyers meeting here.

The recent settlement by Illinois with the Securities and Exchange Commission on charges of shoddy pension disclosure will lead to better disclosure overall and boost the credit of the entire municipal securities market, according to a report Moody's Investors Services released Friday.

Sentencing of David Rubin and his firm, CDR Financial Products Inc., for charges related to bid-rigging of municipal investment contracts, has been postponed by a federal judge until June 28.

A federal judge has postponed sentencing of two former CDR Financial Products Inc., staffers until after the bid-rigging trial against former Bank of America executive Phillip Dennis Murphy, which is slated to start Feb. 3, 2014.

The SEC's whistleblower office is seeking additional details about a complaint that Scranton, Pa., misled in a bond document regarding the nature of a tax hike.

Municipal market participants face the prospect of more enforcement action this year while issuers will be pressured to step up disclosure efforts, industry experts said Tuesday, the final day of the National Municipal Bond Summit.

Peabody Energy Corp., which led efforts to develop the mostly bond-financed, joint power agency-owned Prairie State Energy Campus, has received a subpoena from the Securities and Exchange Commission on the coal-fired plant's development.

Citing the need to review millions of pieces of evidence, former Bank of America executive Phillip Dennis Murphy, who was indicted in July 2012 for scheming to rig bids for investment contracts, has waived his right to a speedy trial and requested a trial date of Feb. 3, 2014.

Seven firms and two individuals have agreed to pay a total of $164,500 in fines and nearly $17,000 in restitution for violating trade, price and other rules of the Municipal Securities Rulemaking Board.

Lawyers for three former bankers convicted of rigging bids for municipal bond reinvestment contracts have pinned their appeals partly on circumstances surrounding the testimony of cooperating witness Adrian Scott-Jones, who abruptly left the courthouse during a day of testimony, and never returned.

Municipal market insiders say muni-related items working though the Securities and Exchange Commission will likely remain on track if Mary Jo White, a securities litigator and former U.S. prosecutor, becomes the SEC's new chairman.

Pennsylvania is distributing $8.6 million in restitution from JPMorgan Chase & Co., to municipalities and nonprofit organizations who were victims of a scheme to rig bids of municipal bond reinvestment contracts, the Pennsylvania Attorney General's office announced.

FINRA ordered fines of more than $6.1 million for municipal market rule violations in disciplinary cases reported in 2012, 6% less than the $6.6 million in fines assessed in the previous year.

The Financial Industry Regulatory Authority ordered nine firms to pay a total of $297,500 in fines and nearly $32,000 in restitution for violating rules of the Municipal Securities Rulemaking Board.

Two former bankers, Steven Goldberg and Peter Grimm, at an affiliate of General Electric Co. have contested a Justice Department request that they pay $6.9 million in restitution for their role in a scheme to rig bids for municipal bond reinvestment contracts.

The Financial Industry Regulatory Authority has ordered five firms to pay $4.48 million for unfairly using bond proceeds to pay reimburse themselves for membership fees they paid to the California Public Securities Association, a lobbying group.

The Financial Industry Regulatory Authority has fined three firms $76,500 for violating rules of the Municipal Securities Rulemaking Board.