Washington

The National Federation of Municipal Analysts has announced the first winners of its Peter Fugiel Scholarships – Eric Reese and Scarlett Swerdlow.

On Tuesday morning several Federal Bureau of Investigation agents raided the headquarters of the Puerto Rico Aqueduct and Sewer Authority.

The Municipal Securities Rulemaking Board and Financial Industry Regulatory Authority will host a joint educational webinar on rule proposals that would require dealers acting as principals to disclose to customers on their confirmations a "reference price" of the same security traded that same day.

Another issuer has disclosed its participation in the Municipalities Continuing Disclosure Cooperation initiative, a move the securities law community agrees is probably not wise.

A registered investment advisor who worked with Texas Attorney General-elect Ken Paxton could lose his securities license after a hearing Jan. 27. Paxton was fined and reprimanded for violating state securities laws in directing business to Mowery.

The International Municipal Lawyers Association has filed a friend of the court brief asking a federal appeals court to reconsider its decision to disregard a qualified immunity defense for Miami, Fla.'s former budget director, warning that allowing the Securities and Exchange Commission lawsuit against him to go forward would negatively affect municipalities everywhere.

Local county officials in Illinois will be offered special financial training on how to protect their coffers from corrupt fiscal practices similar to what happened in Dixon, Ill. where the comptroller stole more than $50 million in public money.

A federal judge wants more information on bond firms involved in a $31 million borrowing by Allen Park, Mich. that was the target of a recent SEC probe.

The Securities and Exchange Commission has unanimously approved new rules to require self-regulatory organizations and alternative trading systems to strengthen their defenses against technological failures.

The Municipal Securities Rulemaking Board is asking the Securities and Exchange Commission to approve the MSRB's proposal to create baseline standards of professional qualification for municipal advisors.