Last week, the Securities and Exchange Commission proposed Rule Amendments to Improve Municipal Securities Disclosures. According to the SEC, these rule amendments are intended to “improve investor protection and
Continue Reading SEC Proposes to Increase Municipal Securities Disclosures
Municipal Securities
Enforcement Settlements All Wrapped Up in a Bow
By Fox Rothschild on
Last year, the SEC’s Division of Enforcement launched the “Municipalities Continuing Disclosure Initiative” offering “favorable settlement terms” to municipal issuers and underwriters who self-report continuing disclosure violations. At that time,…
Continue Reading Enforcement Settlements All Wrapped Up in a Bow
SEC’s Walter Calls for “Crack Down” on Underwriters Touting Delinquent Municipal Issuers
By Fox Rothschild on
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…