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Securities Law Application to Municipal Finance Transactions—Continued Expansion and a Market in Flux: Part 2  

Author:  Robert W. Doty.

Source: Volume 29, Number 01, Spring 2008 , pp.31-75(45)

Municipal Finance Journal

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The SEC is seeking, for the first time, monetary remedies against former officials of a general government issuer. Enforcement targets in other recent actions include municipal officials, auditors, underwriters and officials, remarketing and auction rate dealers, a participant in swap transactions, a lobbyist, a mutual fund advisor and its officials, and officials of a conduit borrower. The second of this two-part review of enforcement actions discusses the SEC’s action against the underwriting firm of Dolphin & Bradbury, as well as private actions in FSA v. Stephens and ACA Financial Guaranty v. Advest and various matters relating to bid rigging investigations, auction rate securities, bond insurers, and rating agencies.


Affiliations:  1: American Governmental Financial Services Company.

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