Securities fraud

The Senate voted 85 to 14 on Wednesday, mostly along party lines, to confirm Republican Elad Roisman to become a member of the Securities and Exchange Commission for a term expiring June 5, 2023.

A federal judge found that a former UBS "banking champion" broke the law when he advised customers to use lines of credit to invest in risky closed-end bond funds.

Cities deny NAM charge that they committed securities fraud by failing to adequately address climate risk in their muni bond official statements.

The legacy of the MCDC initiative lives on, lawyers said.

The Ramapo, N.Y., case highlights the importance of outside scrutiny of municipalities’ revenue generation - and other indicators of fiscal health - early and often in the life cycle of a bond issuance.