Washington

The Municipal Securities Rulemaking Board has added a new feature to its EMMA website that allows users to locate disclosure information that might otherwise be difficult to find in cases where new CUSIP numbers are assigned to portions of bonds after issuance.

The Financial Industry Regulatory Authority fined Wells Fargo Securities $12,500 for trade reporting violations and barred an individual from the securities industry for allowing the fraudulent transfer of $160,000 from a customer to an unrelated third party.

Municipal securities dealers are worried that their participation in the Securities and Exchange Commission's Municipalities Continuing Disclosure Cooperation initiative could cause them problems with multiple regulators, and have asked the SEC for reassurance that their businesses will not be impeded because they chose to report under the MCDC.

The Municipal Securities Rulemaking Board is proposing to ease the standard of independence for one of its public board member positions.

The United States Supreme Court is poised to decide whether or not to hear the case of former Miami budget director Michael Boudreaux, whose attorneys told the nation's top court it should accept the case to decide an important question of how exposed municipal officials should be to federal government lawsuits.

A federal appeals court denied the appeals of a trio of convicted bid-riggers Thursday in a ruling that could have lasting effects for future fraudsters.

The Securities and Exchange Commission's Office of Municipal Securities hired two new attorney fellows recently, the chief of that office confirmed this week.

Agents representing Pennsylvania’s Attorney General Kathleen Kane’s office raided the Harrisburg home of its former mayor, Stephen Reed.

Municipal issuers spent $2,000 to $18,000 to do continuing disclosure reviews under the Securities and Exchange Commission's Municipalities Continuing Disclosure Cooperation Initiative and the vast majority of them felt they were forced to do them, the Government Finance Officers Association said during a spirited panel discussion here Tuesday.

A number of market participants want a sophisticated issuer exemption to the Securities and Exchange Commission’s municipal advisor registration rule, but a leading official in the SEC’s Office of Municipal Securities said Monday that the rule is too new for that.