Tag: MCDC Initiative

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
August 25, 2017 BY Valentina Kirilova

Muni bond issuer and underwriter charged with disclosure failures

The Securities and Exchange Commission (SEC) announced that a municipal financing authority in Beaumont, California, and its then-executive director have agreed to settle charges that they made false statements about prior compliance with continuing disclosure obligations in five bond offerings. Also settling charges are the underwriting firm behind those offerings and its co-founder for failing…

Read more
August 25, 2016 BY Valentina Kirilova

SEC charges 71 municipal issuers in muni bond disclosure initiative

The Securities and Exchange Commission (SEC) has announced enforcement actions against 71 municipal issuers and other obligated persons for violations in municipal bond offerings. The SEC found that from 2011 to 2014, the 71 issuers and obligated persons sold municipal bonds using offering documents that contained materially false statements or omissions about their compliance with continuing…

Read more