Securities law

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

The pair of unregistered brokers will pay over $2 million in civil penalties.

A consildated effort is needed for better transparency of pricing in the municipal market, especially for retail investors.

A judge said that the lawsuit filed on behalf of California accusing major banks of colluding to inflate VRDO interest rates did not allege the means of the conspiracy.

The Fixed Income Market Structure Advisory Committee will discuss the impacts of the pandemic on the muni market amid growing uncertainty.

A judge ruled Monday that the facts of the case supported a finding the defendants broke the law.

VRDO reset rates in California consistently were too high to be justified, a new filing contends.

Besides navigating coronavirus market disruption, investors also find themselves dealing with the increasingly important and often inconsistent climate risk disclosure.

The MSRB is seeking to reduce the size of its board to 15 members and to extend the "cooling off" period for bankers and muni advisors seeking seats as members of the public.

Greater pre-trade transparency has been a long-standing Securities and Exchange Commission goal.

BB&T failed to submit accurate minimum denomination and maximum interest rates to the MSRB’s Short-Term Obligation Rate Transparency (SHORT) System in 3,710 instances, FINRA found.

To win a summary judgment, a party to a lawsuit must show that there is no factual dispute at issue and that the facts of the case can only support a finding in that party’s favor.

The MSRB's proposal to implement a more strict standard for public board members would impede the recruitment of qualified candidates, ICI said.

The board will "review the MSRB’s organizational response to the COVID-19 pandemic, including measures to ensure the safety of staff and stakeholders."

So far there have been over 200 COVID-19-related disclosures, according to Diver by Lumesis, a financial technology company.

Banks failed to convince the court that the lawsuit doesn't meet the legal hurdles for a false claims action.

The new committee of volunteers will be tasked with helping shape the future of EMMA.

The investigation had appeared likely to be tied to a fraud case involving the New York State Common Retirement Fund.

The state stepped in to prevent Wall Street banks accused of wrongdoing in the variable-rate market from using what has been their most effective argument.

Moody’s on Wednesday upgraded Oyster Bay bonds one notch to Baa2 from Baa3 due in part to a resolution of most of the town’s legal challenges.