News & Analysis as of

Municipal Bonds Disclosure Requirements Securities Exchange Act

Sherman & Howard L.L.C.

SEC Settles Proceeding Against Charter School Municipal Advisor for Conflict of Interest & Violation of Fiduciary Duty

The Securities and Exchange Commission (SEC) settled an administrative proceeding against Hamlin Capital Advisors, LLC and its managing director on Oct. 24, 2024, for failing to timely and fully disclose material conflicts of...more

Bracewell LLP

SEC Charges Texas-Based Municipal Advisor with Fraud and Breach of Fiduciary Duty

Bracewell LLP on

On May 9, 2018, the U.S. Securities and Exchange Commission ("SEC") announced it charged a registered municipal advisor (the "MA Firm") and its owner (the "MA Owner") with defrauding their client, a Texas school district, in...more

Mintz - Public Finance Viewpoints

SEC Proposes Expansive New Continuing Disclosure Requirements Regarding Private Debt and Other Financial Obligations

On March 15, 2017, the Securities and Exchange Commission (“Commission” or “SEC”) published in the Federal Register for comment proposed amendments to Rule 15c2-12 (the “Rule”) under the Securities Exchange Act of 1934...more

Bracewell LLP

SEC Proposes Additional Event Disclosures for Municipal Bond Issuers

Bracewell LLP on

On March 1, 2017, the Securities Exchange Commission voted in open meeting to propose amendments to Rule 15c2-12 under the Securities Exchange Act of 1934 adding two event notices to the current fourteen required in...more

Bracewell LLP

SEC Fraud Charges Against School District Demonstrate Increased Focus on Disclosure Compliance by Municipal Issuers

Bracewell LLP on

On July 29, 2013, the Securities and Exchange Commission announced that it had charged an Indiana school district and its underwriter with securities fraud for falsely stating in a 2007 offering document that the issuer was...more

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