SEC enforcement

SEC Chair Gary Gensler's pick for enforcement director resigned just days after being announced.

The surprise move was announced Wednesday in a Securities and Exchange Commission statement.

The new director will be familiar with pay-to-play enforcement and public accounting fraud, which are important in the muni space.

The pair of unregistered brokers will pay over $2 million in civil penalties.

The case is significant because so many municipal market participants rely on audited financial statements.

A federal judge agreed with the SEC that the Chicago suburb must prove the status of reforms agreed to in settling allegations the city misused bond proceeds.

His experience as an active regulator as head of the Commodities Futures Trading Commission may transfer to his new post.

Sources say pricing of bonds will be a prevalent issue in 2021 following comments made by bipartisan SEC commissioners.

The default-ridden Chicago suburb says the court's action to give it back control of its water operation could aid its 2021 objective of restructuring debt.

Lincoln Way school district in suburban Chicago moved further back up the investment grade ladder with a Moody's Investors Service upgrade.