SEC enforcement

Irene Carroll and her company, Funding the Gap LLC, settled with the SEC Friday for not registering as municipal advisors. The SEC said Caroll knew she provided similar services as an MA.

Eliseo Sampayo was fined $20,000, half of which will go to the Municipal Securities Rulemaking Board for violating its rules.

The settlement in which Roosevelt & Cross, Inc. agreed to pay $1 million is part of a now more than two-year crackdown on "flipping" arrangements.

Details of the pending investigation are sketchy but the legislation improved the value of a then-bankrupt FirstEnergy subsidiary's municipal bonds.

The action shows the SEC's focus on the often risky charter school sector.

A judge ruled Monday that the facts of the case supported a finding the defendants broke the law.

This is the latest case to involve 'flipping' — improperly allocating bonds meant for retail customers and instead selling them to other market participants — following multiple related actions made by the SEC over the years.

Lawyers say there could be some nuanced changes on how the SEC approaches enforcement if Clayton does leave for the U.S. Attorney job.

To win a summary judgment, a party to a lawsuit must show that there is no factual dispute at issue and that the facts of the case can only support a finding in that party’s favor.

Two executives for the failed Tri-Valley charter schools agreed to pay $20,000 and $15,000 to settle charges of misleading municipal bond investors.

A federal judge denied the SEC's motion for summary judgement against John Paulsen, setting the stage for a trial.

Issuers say Clayton’s comments on corporate disclosure from earlier this month can be applied to municipal disclosure.

SCE&G, and former SCANA executives, violated securities laws while overseeing the defunct V.C. Summer project, the SEC said.

Walter told The Bond Buyer she has been hearing the same push for transparency since her start at the SEC.

The investigation had appeared likely to be tied to a fraud case involving the New York State Common Retirement Fund.

Moody’s on Wednesday upgraded Oyster Bay bonds one notch to Baa2 from Baa3 due in part to a resolution of most of the town’s legal challenges.

The Municipal Securities Rulemaking Board has received criticism for the large size of its board and its selection of public board members.

Dealer groups want the SEC to examine broker-dealers and municipal advisors equally.

The Securities and Exchange Commission plans to focus on protecting Main Street investors in municipal bonds.

The investigation appears to be linked to the supervision of Deborah Kelley, a broker who was convicted and sanctioned for bribing a state pension fund officer.