Washington

The SEC has announced a settlement with an Arizona-based brokerage firm, its chief executive officer, and its former underwriter's counsel and head of investment banking over charges related to fraudulent municipal bond offerings related to Atlanta businessman Christopher Brogdon.

Most Federal Reserve officials said they backed a policy change that would begin shrinking the central bank's $4.5 trillion balance sheet later this year, as they reiterated their outlook for gradual interest-rate increases.

The Treasury Department will conduct a live small-value contingency cash management bill auction on April 7.

Infrastructure advocates are bearish on the near-term success of President Donald Trump's ambitious plan to "rebuild America's crumbling infrastructure," despite the administration's continuing assurances that transportation, where the backlog is greatest, is a top priority for Trump.

Jay Clayton’s nomination to be SEC chair cleared the Senate Banking Committee on Tuesday and will now move to the full Senate.

The National Collegiate Athletic Association said Tuesday that its games can return to the Tar Heel State after the recent repeal of a law seen as discriminatory to gays and transgender people.

Federal Reserve Bank of Richmond President Jeffrey Lacker resigned Tuesday saying he confirmed confidential materials in 2012, according to published reports.

The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.760% high yield, a price of 99.940889.

A number of municipal market groups and firms asked the MSRB in comment letters to create an exemption to its CUSIP rule that would allow placement agents to generally avoid having to obtain CUSIP numbers when they are engaging in private placements, including direct purchases.

Three rate hikes appear to remain appropriate for this year, Federal Reserve Bank of Philadelphia President and CEO Patrick T. Harker repeated Monday, noting they can be spread out.