Recent posts

SEC releases Guidance on personal securities reporting

Through this guidance, the SEC staff expresses its views on the application of Rule 204A-1 in the context of certain advisory personnel’s trusts and third-party discretionary accounts. The guidance offers specific information on how to handle personal accounts managed on a discretionary basis by third-party managers....
Read more

SEC Charges 36 Firms for Fraudulent Municipal Bond Offerings (MCDC)

The Securities and Exchange Commission announced enforcement actions against 36 municipal underwriting firms for violations in municipal bond offerings. The cases are the first brought against underwriters under the Municipalities Continuing Disclosure Cooperation (MCDC) Initiative, a voluntary self-reporting program targeting material misstatements and omissions in municipal bond offering documents. The 36 firms, which did not...
Read more