Washington

Issuer officials expressed trepidation Saturday about upcoming Securities and Exchange Commission rulemaking and the prospects of SEC bringing more disclosure-based enforcement cases against them.

The securities and investment community gave almost a half million dollars to a former freshman on the House Financial Services Committee who authored bills to restrict Dodd-Frank Act-mandated rules that would apply to municipal advisors and derivatives, according to data compiled by opensecrets.org.

In a precedent-setting action, the Securities and Exchange Commission is investigating whether underwriters are fulfilling their obligations to determine if issuers are complying with their continuing disclosure requirements.

The Securities and Exchange Commission has approved revisions that will tighten the Municipal Securities Rulemaking Board's rule on telemarketing so that it require dealers, among other things, to respect customers "do not call" requests indefinitely rather than for just five years.

Barack Obama has nominated two longtime Senate aides to become the next new commissioners at the Securities and Exchange Commission, the White House announced Thursday.

The Securities and Exchange Commission is hammering home the need for issuers to clean up their internal procedures in a new way, bond lawyers said Thursday, by basing a case on documents not intended for market consumption.

A former investment banker at Goldman, Sachs, & Co. has agreed to pay a $100,000 fine and be barred from the securities industry for five years for his involvement in a pay to play scheme involving a Massachusetts gubernatorial candidate.

The Securities and Exchange Commission will continue to consider possible enforcement actions over pension and other disclosure failures such as those that occurred in Illinois and Harrisburg, Pa., the SEC's muni office chief said Wednesday.

The Securities and Exchange Commission has charged South Miami, Fla. with defrauding investors by negligently making misstatements and failing to disclose actions it took that jeopardized the tax-exempt status of $12 million of bonds.

A trio of convicted bid riggers deserve prison terms of more than 16 years as well as hundreds of thousands of dollars in fines when they face a judge in July, according to the government's sentencing recommendations.