Municipal bond offerings have become a key focus of SEC Enforcement. The agency has brought a series of actions in addition to an initiative that encourages the self-reporting of underwriters in return for reduced sanctions....more
3/9/2016
/ Broker-Dealer ,
Commercial Bankruptcy ,
Enforcement Actions ,
Liquidation ,
Municipal Bonds ,
Municipal Securities Issuers ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Self-Reporting ,
Underwriting ,
Wells Fargo
The SEC filed fourteen settled actions against municipal underwriting firms this week. The settlements were part of a program that commenced in 2014 called the Municipalities Continuing Disclosure Cooperation Initiative. The...more
The unblemished record of the Manhattan U.S. Attorney’s Office in insider trading cases came to an end this week with the acquittal of Rengan Rajaratnam, brother of the convicted Galleon Fund founder. This is the first loss...more
7/11/2014
/ Audits ,
Enforcement ,
Enforcement Actions ,
Foreign Corrupt Practices Act (FCPA) ,
Hong Kong ,
Insider Trading ,
Misrepresentation ,
Municipal Securities Issuers ,
Municipal Securities Market ,
PCAOB ,
Raj Rajaratnam ,
Securities and Exchange Commission (SEC) ,
Settlement