Washington

The Securities and Exchange Commission's settlements with issuers under its continuing disclosure enforcement initiative will not impact specific rating determinations but will be an important component of analyzing an issuer's credit fundamentals, analysts from S&P Global Ratings said in a report on Monday.

The National Association of Bond Lawyers recently announced nominees for its board officers and directors that members will vote on at its annual meeting in Chicago on Oct. 19.

An attorney in California contends that the state treasurer erred by not allowing public comment prior to rolling out an anti-pay-to-play initiative.

Gates Capital Corp. agreed to pay a $22,500 fine after the Financial Industry Regulatory Authority found the firm violated transaction reporting standards mandated under Municipal Securities Rulemaking Board rules.

Puerto Rico's Office of the Comptroller is conducting 24 investigations into government corruption on the island, the office reported.

The receiver for bond-financed apartments owned by Global Ministries Foundation in Tennessee has disclosed in court filings that the Securities and Exchange Commission is conducting an investigation.

One former Kildare Capital employee has been banned from the market and another was hit with a $25,000 fine and 12-month ban after FINRA found that they artificially inflated interdealer prices for municipal securities through 25 round-trip transactions.

Merrett Stierheim, a former south Florida public administrator, will determine if Opa-locka is solvent for the state-appointed panel overseeing the city’s finances.

While dealer groups are pushing the Municipal Securities Rulemaking Board to place more restrictions on its proposal to share trade data with academics, researchers say the ones the MSRB has already floated threaten to render the data hard to use or even useless.

California Treasurer John Chiang's efforts to combat pay-to-play activities among local issuers received mixed reviews from municipal bond industry participants.