SEC enforcement

Montebello Unified School District allegedly defrauded investors in the sale of $100 million in general obligation bonds.

At a bond lawyer conference, lawyers said they've seen increased interest in self-reporting.

“Reporting unauthorized transactions is certainly a good first step in building cooperation,” said one lawyer. “But there could be a lot more to it.”

The MSRB wants to work with other regulatory groups to decrease confusion surrounding suitability rules in conjunction with the SEC's new Regulation Best Interest.

Moody's upgraded the Lincoln-Way district, saying it has effected a fiscal turnaround after the management woes and investigations that sent it to junk in 2016.

The firm has notified regulators and the FBI about the alleged illegal, off-book trade activity, which sources say cost the firm more than $10 million.

Her announcement comes at a time of scrutiny from lawmakers and the SEC.

The SEC and Bank of Oklahoma differ in what they want a federal judge to do next in the Christopher Brogdon case, though both claim to have investors' best interests at heart.

GFOA is putting together a working group to address concerns about continuing disclosure in the municipal market, a topic increasingly discussed among stakeholders.

Registered advisory firm Dale Scott & Co. will pay $25,000, and one firm and one individual each will pay $10,000 for acting as unregistered solicitors.

The Long Island township is emerging from the cloud of SEC scrutiny.

The monitorship plan will extend until Sept. 13 for seven assisted living facilities he is trying to liquidate.

Allison Herren Lee is short on direct municipal market experience, but has a well-rounded background as a securities lawyer.

Investors will still lose big as the SEC's case against Dwayne Edwards and Todd Barker is now all but over.

Investor confusion about Harvey, Illinois, and a local library district contributed to a municipal advisor and broker-dealer facing Securities and Exchange Commission charges in a bond offering gone wrong.

Investors are likely to lose millions whether the Atlanta-based financier continues under a court-appointed monitorship or not.

Brogdon's high personal spending and failure to sell his assets spell an end to the usefulness of his repayment plan, the SEC told a federal judge.

The new events became effective in late February, and hundreds of Event 15 disclosures have filed in, with just a handful of Event 16 filings.

The judge ruled for Peter Cannava, who had denied wrongdoing even after Wells Fargo and other defendants settled charges.

The Securities and Exchange Commission agreed to settle with Oyster Bay, New York, and are awaiting a district court judge's approval.