Posts Tagged “Municipal Bonds”

Muni Bid-Rigging Trial Set to Begin

by Lisa Swan on April 11, 2012

Three municipal market bigwigs charged with rigging bids are scheduled to go on federal trial in New York next week, the first time there has been a criminal trial of muni execs charged with bid-rigging.

David Lerner Associates Fined $2.3 Million for Excessive Markups

by J. J. Kellington on April 5, 2012

FINRA charged David Lerner Associates with charging excess markups on municipal bond and other transactions over a two year period of time.

The firm was fined $2.3 million dollars by FINRA and ordered to pay $1.4 million in restitution to customers.

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