Washington

Miami’s “dramatically improving and diverse economy” was a driving force that led Moody's Investors Service to upgrade the city’s general obligation bonds to Aa3 from A1, despite pending SEC and pension suits.

The Securities and Exchange Commission is charging a father, his son, and five of their associates with defrauding investors in Native American tribal bonds to pay for, among other things, their luxury expenses and legal costs associated with prior fraud charges.

The Securities and Exchange Commission is using Peter Cannava, a banker involved in an ill-fated private placement for a startup video game company, as a scapegoat and has no basis for charging him with defrauding investors, his lawyers claimed this week.

A Chicago-based investment advisor faces jail time after pocketing more than $4 million from the sale of phony Chicago-backed securities that she described as "Chicago Anticipatory Notes."

Municipal industry experts on Thursday urged analysts to continue focusing on how the presence of statutory liens can change the treatment of debt in bankruptcy proceedings and ratings analyses.

The par amount and number of municipal securities trades rose in the first quarter of this year, compared to both the previous and same quarters last year, according to Municipal Securities Rulemaking Board statistics posted Thursday. But the number of continuing disclosure documents received dropped to 46,623 in the first quarter of this year from 47,934 during the same period last year.

A regulatory official and market participants sparred over the merits of the Securities and Exchange Commission's voluntary continuing disclosure enforcement initiative during a panel here on Wednesday while acknowledging the need to improve municipal disclosure.

The Municipal Securities Rulemaking Board is opening an application window between May 3 and May 10 to allow more individuals associated with banks and broker-dealers to apply for a seat on next year’s board.

The Securities and Exchange Commission on Friday approved Municipal Securities Rulemaking Board amendments to facilitate moving the municipal securities industry to a two- instead of three-day settlement cycle.

Dustin McDonald, the current director of the Government Finance Officers Association’s federal liaison center, is leaving GFOA on Friday to lead the marijuana technology company Weedmaps’ government relations practice.