SEC enforcement

The court shouldn't accept banker Peter Cannava's "narrow and cramped view of materiality,” the SEC urged.

The SEC now has a stronger card to play when pursuing an enforcement case, lawyers said.

Cannava argues that emails, witness statements, and other evidence cast doubt on the SEC's claims that he acted recklessly.

Former college official Keith Borge was charged Thursday with defrauding municipal securities investors and concealing the school’s crumbling finances.

Ahmed Abonamah, a senior counsel to the director in the SEC’s Office of Municipal Securities, told the National Muni Bond Summit SEC Chair Jay Clayton has concerns about the timeliness of issuers’ financial information disclosure.

Mid-size issuers may be experiencing the greatest impact, with one municipality even reporting that an underwriter withdrew a bid over a disclosure requirement.

Former Macon-Bibb County Manager Dale Walker agreed to settle charges he gave an advantage to an investment adviser the SEC said he was pursuing romantically.

The groups believe the MSRB cast too wide a net to non-syndicate dealers in its January draft guidance.

The settlement approved by the Oyster Bay Town Board requires it to hire a municipal finance consultant.

The defendant's claim that he's a victim of the Brogdon nursing home frauds shouldn't cloud the court's decision, the SEC said.

Scott Andreson plans to work with the SEC to improve disclosure.

The program was expected to be heavily-attended and would address advertising rules and test prep for the Series 54 Exam.

FINRA found the firm should have disclosed late payments and other material information to investors in COPs linked to Brogdon projects.

Municipal enforcement cases including SEC vs. Dwayne Edwards are among those that have been halted.

So-called prearranged trading has the potential to do harm to the muni market and land broker-dealer firms in trouble, according to new MSRB draft guidance.

A Jan. 22 hearing has been set at which time a judge may order Dwayne Edwards to disgorge $766,850 plus interest and pay civil penalties.

The SEC has signaled a focus on pay-to-play and disclosure fraud.

The SEC announced the settlement with former UBS broker Chris Rosenthal, the biggest yet from its ongoing flipping investigation.

Sen. John Kennedy blasted the Municipal Securities Rulemaking Board during a Senate Banking, Housing and Urban Affairs Committee meeting.

Richard Gounaud, accused by the SEC of participation in a muni bond "flipping" scheme, claimed the use of the slang term created unfair bias.