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Municipal Securities

This is the third municipal bond offerings case in four months
Roosevelt lacked policies and procedures reasonably designed to prevent and detect these violations by its registered representatives
Welsh placed orders for new issue municipal bonds with Dockside and Murphy to obtain bonds for Roosevelt’s inventory when he should have known that they, ...
The suit is a bid to invalidate an order allowing MAs' to arrange private placements without registering as B-Ds
UBS has taken a number of remedial steps, including reviewing and improving its retail order period policies and procedures, introducing retail order period training for ...
MSRB Rule G-17 provides in relevant part that, in the conduct of its municipal securities business, every broker-dealer shall deal fairly with all persons and ...
Costas negligently submitted these inaccurate zip codes with Pinzon’s orders when he should have known that they did not correspond to Pinzon’s residence
During his time on the UBS syndicate desk, Orellana understood that flippers generally did not qualify for retail priority
New issue municipal bonds were improperly obtained
Regulators hate to see repeat violations and will penalize firms for not taking prompt corrective action the first time an issue is cited. UBS Financial ...
This matter involves violations of Municipal Securities Rulemaking Board (“MSRB”) rules by MSSB. Between June 2013 and December 2017, MSSB recommended 135 “swap” transactions to ...
These proceedings arise out of a fraudulent scheme carried out by Muldoon, a former Wells Fargo Clearing Services, LLC (“Wells Fargo”) trader, to evade the ...
These proceedings involve a violation of the Municipal Securities Rulemaking Board’s (“MSRB”) “fair dealing” rule by Respondent in connection with a municipal bond offering. In ...
The SEC's complaint alleged, among other things, that Wells Fargo, which served as the placement agent for the 38 Studios bond offering, failed to disclose ...
The SEC's complaint alleges that Walker improperly provided an unfair competitive advantage to one investment adviser due to his romantic interest in an individual associated ...
These proceedings arise out of fraudulent conduct perpetrated by Chris Rosenthal, a former financial adviser with UBS Financial Services Inc. (“UBS”), in the municipal securities ...
The Securities and Exchange Commission (“Commission” or “SEC”) is adopting amendments to the Municipal Securities Disclosure Rule (Rule 15c2-12) under the Securities Exchange Act of ...
With the near $4 trillion municipal securities market ever increasing, the SEC has moved to further enhance transparency and timely access to important market information.  ...
Morris had a long-standing relationship with Scherr and understood that Scherr operated a securities trading business known as “flipping” and was known in the industry ...
The Commission’s complaint alleged that Malachi and Bingham fraudulently overcharged the City of Rolling Fork, Mississippi by $33,000 in May 2015, in connection with providing ...
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