Securities law

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

A PFM letter caused a firestorm among dealer groups who say that if municipal advisors want to engage in broker-dealer activities, they need to register as such.

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 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.

Abonamah will oversee the municipal securities office's strategic initiatives in his new role.

The amended lawsuit references inside sources who allegedly confirm that the banks worked together in violation of antitrust law.

The rule will take effect 30 days after publication in the Federal Register, which usually takes about three business days.

The financier's lawyers disputed a court-appointed monitor who had criticized him for maintaining an expensive lifestyle while his investors faced losses.

State Treasurer Joe Torsella is accusing 14 financial firms of collaborating to illegally inflate the prices of Fannie Mae- and Freddie Mac-issued bonds.

J.W. Korth & Co. was found to have charged excessive markups in 38 sales of municipal securities.

Adding $374 million alleged in New York to the three other cases also filed by Johan Rosenberg brings the total damages claimed to $1.58 billion.

The MSRB is requesting comment on whether Rule G-23 is still relevant and whether it helps the MSRB achieve its objectives of protecting issuers and investors.

Issuers are concerned that the Municipal Securities Rulemaking Board reopening discussion of Rule G-23 could bring back "shady" practices.

GFOA members said they were taken aback and in some cases upset about the tone of the National Federation of Municipal Analysts' letter to regulators.

The Securities and Exchange Commission is on the lookout for municipal advisors skirting the Series 50 Exam.

Data from a Municipal Securities Rulemaking Board report released Wednesday showed a continuing decline in the number of dealers.

At the National Federation of Municipal Analysts annual conference, panelists discussed the “elephant in the room” — myths about issuer disclosure.

In a letter sent to the SEC and the Municipal Securities Rulemaking Board late last week, the group said lapses in issuer financial disclosures are unacceptable.

The Securities Industry and Financial Markets Association said to manually input the data would require more time and staff.