Securities law

The federal government's job board stops taking applications next week.

Ex-Morgan Stanley branch manager Terry Lee McCoy failed to act on several "red flags" that the accounts of an elderly and incapacitated customer were being abused, FINRA said.

There was friction about the integrity of the muni market during a panel discussion Thursday, but the committee agreed to move along with some disclosure recommendations.

Navnoor Kang, a former director at the New York State Common Retirement Fund, wants home confinement rather than prison.

The Government Finance Officers Association said Tuesday it generally supports most of the recommendations an SEC panel plans to discuss in Atlanta later this week.

The SEC's Investor Advisory Committee's vice chairman is Elisse Walter, the former chairman and commissioner of the SEC who was most responsible for the commission's 2012 Report on the Municipal Securities Markets that suggested some of these muni reforms.

A proposal by bank and securities regulators to roll back some provisions of the Volcker Rule indicates they may be considering rethinking their previous stance on tender option bonds.

The muni industry's self regulator said issuers have found underwriters' disclosure letters to be too long, filled with boilerplate, and duplicative.

Elad Roisman's main expertise is in equities, corporate debt, mergers, market structure and derivatives.

Wells Fargo Securities and banker Peter Cannava are alleging the SEC was dishonest in crafting investors' statements and failed to turn them over to defense attorneys in the 38 Studios case.

The past 10 years have seen major changes to the market, but analysts aren't sure they've been effective in preparing it for the next test.

The MSRB's controversial commentary about selective disclosure got some support from a top SEC official on Wednesday.

Early returns indicate there have been some problems but firms seem to be working through them in complying with the new markup rules, regulators and industry officials said Tuesday.

The proposal would establish a standalone rule governing transactions in discretionary accounts, something the board hasn't had in more than 30 years.

FINRA found that Gates Capital and three of its employees breached several MSRB rules, some related to role-switching from advisor to underwriter on the same transaction.

The MSRB said its newly-approved rules are an important part of its regulatory efforts, while groups representing dealers and MAs are say they are confusing and need clarification.

Jessica Kane's appointment as director of the Office of Credit Ratings suggests that Rebecca Olsen could remain acting or become permanent chief of the Office of Municipal Securities.

Issuers and the MSRB are mostly on the same page about primary offering practices that may warrant scrutiny, but some members of the GFOA's debt committee are concerned about "regulatory creep."

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.

The MSRB said its proposals should be approved, despite objections from dealers and municipal advisors.