Washington

Members of the Government Finance Officers Association raised concerns with the Securities and Exchange Commission's proposed rule changes that would require open-end mutual funds and exchange traded funds to take steps to manage liquidity risks so they could handle redemptions during periods of financial stress.

An Alabama federal judge entered judgments approving settlements in the Securities and Exchange Commission’s cases against former JPMorgan bankers Douglas MacFaddin and Charles LeCroy, who were accused of wrongdoing in the Jefferson County, Ala. sewer financings.

Fifteen organizations are urging members of the House of Representatives to vote on a proposed bill that would treat investment grade and actively traded municipal securities as high quality liquid assets under a bank liquidity rule adopted by bank regulators in September of last year.

The FBI arrested 10 Puerto Rico officials and businessmen in a corruption probe, dealing a blow to the government as it looks to resolve its financial crisis.

Two dealer groups are urging the Securities and Exchange Commission to disapprove the Municipal Securities Rulemaking Board’s proposed municipal advisor core conduct rule, despite an amendment that would provide an exception to the rule’s controversial principal transaction ban.

Two former JPMorgan bankers have agreed not to violate securities laws and to repay money they made while working on transactions involving Jefferson County, Ala., Securities and Exchange Commission documents said Tuesday.

Three muni regulators and enforcement agencies are opening registration for a free compliance outreach program for municipal advisors that they plan to hold in Philadelphia on Wednesday, Feb 3, 2016.

Bond Dealers of America plans to move its offices to K Street here on Dec. 7 to have more space in which to grow and to continue to enhance its lobbying efforts.

The Municipal Securities Rulemaking Board on Monday announced seven members of an investor advisory group designed to give its board of directors additional expertise on investor protection issues.

Christopher Brogdon, the retirement home financier who is facing Securities and Exchange Commission charges, has denied being liable for a particularly problematic deal in new filings with a federal court in Georgia.