A settlement announced this week by the SEC serves as a reminder that the Commission is in the process of reviewing the Municipalities Continuing Disclosure Cooperation participants, and that it will continue to pursue...more
2013 was an active year for the Securities Exchange Commission in the municipal marketplace. The SEC took three actions in 2013 against issuers relating to disclosure and their relationship with the municipal marketplace....more
The inclusion of the public statements of an elected official in allegations of securities fraud could change the traditional relationship between the politicians and their constituency versus issuers and the bond market....more