Securities law

An Atlanta-based municipal advisor defrauded a Mississippi city and breached its fiduciary duty, the SEC said.

Nachman Aaron Troodler's cooperation against Christopher St. Lawrence in the Ramapo, N.Y., case spared him jail time.

The SEC's Fixed Income Market Structure Advisory Committee has liquidity on the agenda for its first open meeting, scheduled for Jan. 11.

The market shouldn't expect a lot of rulemaking in 2018, but there will still be plenty of regulatory developments to look out for.

Regulators will focus on helping dealers and municipal advisors comply with recently adopted rules and will also monitor how tax reform legislation impacts muni market practices.

The SEC's muni enforcement focus in 2018 will include offering and disclosure-related fraud, broker-dealer abuses, municipal advisor misconduct, public corruption, and pay-to-play practices.

New York State’s fourth largest township already carries the lowest-possible investment grade rating from Moody’s Investors Service.

FINRA said Philip Fluegge violated its rules when he sold shares in municipal fund securities.

The SEC has approved a change to increase the level of information the MSRB collects about certain muni fund securities.

Navnoor Kang, the former director of fixed income for the New York State Common Retirement Fund, has pleaded guilty to criminal fraud charges.

The former mayor of Markham, Ill., solicited and received a $75,000 bribe from a contractor in return for giving him work on a bond-financed project.

A federal judge has barred Ramapo, N.Y., from issuing new bonds for three years unless it hires an independent disclosure counsel.

The SEC went into its expanding toolbox to bring fraud charges against Oyster Bay, N.Y., and its former top elected official for hiding the existence and potential impact of side deals with a businessman.

SEC takes stock of fiscal 2017 in enforcement and finds 4% of its cases were public finance-related.

Mehran Tazhibi agreed to pay a $10,000 fine and be suspended for two months.

While muni advocates may have an opportunity to defend private activity bonds and deductions favorable to the market, both Houses of Congress appear to be aligned on banning advance refundings.

There isn't much need to overhaul primary offering rules, dealers and muni advisors told the MSRB.

Several big names in the muni market will be part of a new SEC committee

MSRB data shows the extent to which alternative trading systems are used in the muni market.

Dealers are pleased that the MSRB has expanded the exemption to its CUSIP proposal.