The rating agency also confirmed the city’s Ba2 rating on $191 million of outstanding water and sewer revenue bonds.

Some firms are voluntarily self-reporting potential supervisory and suitability rule violations.

FINRA found that RBC’s supervisory system did not flag recommendations that resulted in potentially unsuitable concentrations of high-yield bonds in certain customer accounts.

The Securities and Exchange Commission has proposed amendments to its money market fund rules, which it has tinkered with repeatedly since the Great Recession.

Join industry experts to explore how financial institutions can better prepare for future compliance issues associated with the evolving landscape.

The defendants are raising questions about due process and the definition of fee-splitting arrangements.

KBRA says the deal will allow for expansion.

County executives said they need to protect against flooding, sea level rise, erosion and other climate change-related damage.

"The vast majority of muni issuers are trying to do the right thing,” Zehner said. “The vast majority of underwriters and municipal advisors are trying to do the right thing.”

The measure would allow issuers to tap unused pandemic aid for transportation, infrastructure and disaster aid relief.

Following the news that Rebecca Olsen, former director of the Office of Municipal Securities has moved to deputy chief in place of Mark Zehner, the Securities and Exchange Commission has named Ernesto Lanza as acting director.

Mark Zehner has retired from his position as deputy chief of the SEC's public finance abuse unit, a position that Rebecca Olsen, former director of the Office of Municipal Securities, has taken over.

With the ink drying on the new Infrastructure Investment and Jobs Act, eyes now turn to the implementation of one of the largest infrastructure programs in American history.

States, on the front lines of implementing the new $1.1 trillion infrastructure program, want clear, flexible federal rules and the ability to tap private investment.

The change of plea hearing is set for Thursday in a federal court in Mississippi.

The House is expected to introduce another temporary government funding bill this week before turning to the debt ceiling issue.

The Securities and Exchange Commission has charged an Illinois-based broker with defrauding three investors out of $800,000 by luring them into investing in nonexistent tax-exempt bonds.

If enacted, Build Back Better would promote economic growth and likely have a limited impact on inflation, ratings agencies say.

The Securities and Exchange Commission has obtained a final judgment against John Paulsen, a broker-dealer charged with aiding and abetting a pay-to-play scheme with the New York State Common Retirement Fund.

The Commission’s enforcement results highlight the importance of proper disclosure.