US SEC fines 12 municipal advisors for recordkeeping violations

(Reuters) - The U.S. Securities and Exchange Commission on Tuesday fined 12 municipal advisors more than $1.3 million to settle civil charges that they failed to preserve electronic communications such as text messages.



All 12 firms were charged with violating recordkeeping provisions of the Securities Exchange Act and rules of the Municipal Securities Rulemaking Board, with supervisors responsible for some of the failures, the SEC said.

The largest fines included $324,000 against Kaufman Hall & Associates, together with Ponder & Co; $250,000 against PFM Financial Advisors, and $250,000 against Specialized Public Finance.

Source: Investing.com

Последние публикации
Tesla launches redesigned Model Y in China, seeking to fend off rivals
10.01.2025 - 05:00
Tesla launches updated Model Y in China, starting from $35k
10.01.2025 - 05:00
China's SAIC to deepen cooperation with CATL on battery, overseas expansion
10.01.2025 - 05:00
Analysis-South Korea jet crash puts fast-growing Jeju Air's safety under scrutiny
10.01.2025 - 05:00
Indian shares set for a muted start, with the focus on TCS
10.01.2025 - 05:00
Sunac China shares plunge after liquidation petition filed against developer
10.01.2025 - 05:00
China's Zijin Mining in talks to buy controlling stake in Zangge Mining
10.01.2025 - 05:00
Asia stocks dented by Fed, BOJ rate uncertainty; payrolls data in focus
10.01.2025 - 05:00
Hyundai launches $18,000 EV in Japan to penetrate EV-wary market
10.01.2025 - 05:00
Kinder Morgan shuts two Los Angeles fuel pipelines due to power outages
10.01.2025 - 04:00
South Korea presidential security chief warns against violent attempt to arrest Yoon
10.01.2025 - 04:00
Tesla launches revamped Model Y in China, seeking to fend off rivals
10.01.2025 - 04:00
Musk asks state AGs to auction off OpenAI stake in nonprofit restructuring, sources say
10.01.2025 - 03:00
South Korean presidential security chief to appear for questioning by police on Friday
10.01.2025 - 03:00
Tesla announces revamped Model Y version in China, priced from $35,938
10.01.2025 - 03:00

© Analytic DC. All Rights Reserved.

new
Анализ рынка Как повлият завтра отчет NFP на курс доллара США?