SEC enforcement

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trading has the potential to do harm to the muni market and land broker-dealer firms in trouble, according to new MSRB draft guidance.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

Todd Barker was one half of a duo the SEC said engaged in a $62 million fraudulent senior housing bond scheme.

The Mojave Desert city will soon be current on bonds that led the city to a bond fraud settlement with the SEC.

A federal court imposed an unusually stiff financial penalty and a lifetime ban against the already-jailed Christopher St. Lawrence.

Todd Barker appears prepared to have negotiated a monetary settlement with the SEC, while Dwayne Edwards plans to contest the SEC's motion in court.

Public finance cases represented 3% of the SEC's enforcement actions the past fiscal year.

Next month's event may also give attendees a rare chance to hear about muni issues directly from every commissioner.

The defense team accused the SEC of a "gross abuse of power."

Statutes of limitation will be the main obstacle, observers say.

The SEC failed to ensure that issuers and obligated persons are able to readily comply with the new requirements.

Key SEC officials responsible for muni rulemaking and enforcement said they don't feel disclosure has been adversely impacted due to fears stoked by the Municipalities Continuing Disclosure Initiative.

SEC and MSRB officials responded to the concerns and frustrations of bond lawyers who were meeting in Chicago.

A Carlsbad, Calif.-based San Diego-based firm, Eric Hall & Associates, is accused of being unregistered when it served as municipal advisor to a school district.

The fallout from a 2017 federal fraud case is continuing to impact bond investors with the latest development involving the loss of tax-exempt status for bonds that were issued for two assisted living facilities in Georgia.