Securities law

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

Distinguishing abusive `pennying' from less insidious behavior is key, dealers told the MSRB.

Examiners found that Mark Stewart Saunders was improperly relying on permission from a customer's daughter.

The board stands by its chief economist's conclusions after criticism from the Bond Dealers of America.

The MSRB should tread carefully in basing future research or rulemaking on its July study of secondary market spreads, BDA said.

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.

Kyle Glazier is the new Washington bureau chief of The Bond Buyer. He succeeds longtime bureau chief Lynn Hume, who has retired after more than three decades on the job.

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

FINRA found, and the SEC upheld, muni and other rule that violations Thaddeus North failed to prevent as chief compliance officer.

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