Securities law

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.

The idea of giving more enforcement powers to the SEC doesn't sit well with issuer officials.

The dealer group has opposed the proposed order from the start, and is keeping the pressure on as the SEC appears poised to approve the proposal in some form.

The board is considering whether it should allow dealer-affiliated municipal advisors to count towards the MA board seat requirement on a smaller board.

The Securities and Exchange Commission will discuss voluntary disclosure and buy-side perspectives among other topics in March.

The Securities and Exchange Commission wll work with the market to change secondary disclosure habits without a mandate, issuers and analysts said.

The board will, among other things, review comments on a proposed order that would allow municipal advisors to participate in some private placement activities.

The median time it takes for municipal bond borrowers to complete their annual audits was 156 days for fiscal 2018: equal to the slowest time in the past 11 years.

At issue is the so-called "public disclosure bar," which prevents a whistleblower from pursuing a lawsuit based on publicly available information.

Dealer groups want the SEC to examine broker-dealers and municipal advisors equally.

The Securities and Exchange Commission plans to focus on protecting Main Street investors in municipal bonds.