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Category Archives: Municipal Securities

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SEC’s Walter Calls for “Crack Down” on Underwriters Touting Delinquent Municipal Issuers

Posted in Broker-Dealer Regulation, Municipal Securities, SEC Enforcement

The new SEC Chairman wants to prosecute those underwriters who recommend municipal issuers who hae ”persistent and material” disclosure delinquencies. In particular, the SEC may apply a stricter interpretation of previous guidelines that it issued for these underwriters.  Such an interpretation would relate to the issuers’ accuracy and completeness pertaining to its disclosures. The SEC may also amend… Continue Reading