Securities law

The Securities and Exchange Commission settled with the Sweetwater Union High School District as well as former Chief Financial Officer Karen Michel.

The proposed changes would reduce the volume of disclosures dealers have to make to customers each year.

Porter Bingham stands accused of stealing $33,000 from the city of Rolling Fork, Mississippi.

The announcement came after the municipal advisors trade group said it had received a report of COVID-19 exposure at a testing site.

At stake, from SIFMA's perspective, is the potential of the SEC to revive the exemption in the future.

Ed Sisk, a managing director and head of public finance at Bank of America Merrill Lynch, has been MSRB chair since Oct. 1, 2019.

Dealers and muni advisors think the loyalties of solicitor MAs should be clearly disclosed.

The New York-based firm agreed to be censured, pay the penalty, and remedy alleged problems with its supervisory system.

The dealer group's concern is on the treatment of institutional SMMPs under the suitability standard.

Robert Clarke Brown has joined the Board of Directors for the remainder of the fiscal year.