Daily Archives: April 11, 2014, 12:35 pm

SEC Employee’s Goodbye Party Leads to More than Cake and Farewells – Compliance Week

Somehow, Kidney’s goodbye party departed from standard employee goodbye party protocol–where the departing employee thanks everyone for the cake and for coming out to say goodbye–into something quite different. According to numerous reports this week (not to mention a full-blown transcript of Kidney’s “Retirement Remarks” obtained and published by the SEC Union), Kidney took the opportunity at his goodbye party…

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SEC Enforcement Staff’s Investigations of Financially Stressed Municipal Issuers — Securities Litigation & Compliance Matters

As reported by the Wall Street Journal, the SEC Enforcement Staff is one year into a wide-ranging review of disclosures made by financially stressed municipal bond issuers.  This review has focused on whether municipalities made sufficient disclosures concerning the extent of their financial stress.  The SEC announced that this review has already resulted in a number of investigations into municipal bond…

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