First Union, Cawley Lose SEC Appeal

August 2003
Bond Buyer;8/22/2003, Vol. 345 Issue 31704, p1
Trade Publication
Reports that the U.S. Securities and Exchange Commission has sided with its enforcement division and are against Wheat, First Securities Inc., which was purchased by First Union Capital Markets Inc. and its former vice president Teressa Cawley. Violation of Municipal Securities Rulemaking Board's Rule G-17 by First Union and Cawley; Civil penalty that First Union have to pay for violation; Suspension of Cawley from securities market.


Related Articles

  • Broward County, Fla., Should Not Get Wheat First Money, SEC Decides. Hume, Lynn // Bond Buyer;7/19/2005, Vol. 353 Issue 32177, p5 

    Reports on the U.S. Securities and Exchange Commission's (SEC) decision on July 18, 2005, that Broward County, Florida, should not get any of the $245,815 that Wheat, First Securities Inc., now Wachovia Securities Inc., turned over to the SEC after the commission ruled against it and its former...

  • SEC Hears G-17 Case. Hume, Lynn // Bond Buyer;4/24/2003, Vol. 344 Issue 31621, p1 

    Major municipal and other securities issues arose on April 23, 2003 as the U.S. Securities and Exchange Commission's five members heard appeals from both sides of what is regarded as a potentially precedent-setting ruling in an enforcement case against a subsidiary of First Union Capital Markets...

  • MSRB Proposes Changes to Rule G-8. ACKERMAN, ANDREW // Bond Buyer;4/29/2009, Vol. 368 Issue 33106, p4 

    The article reports on the proposal of the Municipal Securities Rulemaking Board (MSRB) to its Rule G-8 in the U.S. The MSRB wants to changes on its books and records that will require dealers to maintain records on municipal auction-rate securities and variable-rate demand obligations. The MSRB...

  • Self-Regulatory Organizations; Municipal Securities Rulemaking Board; Notice of Filing of Proposed Rule Change Regarding Professional Qualifications and Information Concerning Associated Persons. Murphy, Elizabeth M. // Federal Register;9/30/2011, Vol. 76 Issue 190, p60953 

    The article announces the solicitation of comments by the U.S. Securities and Exchange Commission (SEC) on the proposed rule change on professional qualifications and information concerning associated persons by the Municipal Securities Rulemaking Board (MSRB). It mentions the purpose and basis...

  • MSRB Rule Changes Approved by SEC. Hume, Lynn // Bond Buyer;8/29/2005, Vol. 353 Issue 32206, p3 

    Reports that the U.S. Securities and Exchange Commission has approved Municipal Securities Rulemaking Board rule changes designed to improve the timeliness and efficiency of dealers' dissemination of official statements to customers and to the board.

  • AMF, Five More Firms Join TBMA to Oppose MSRB Crisis Plan. Hume, Lynn // Bond Buyer;4/1/2003, Vol. 344 Issue 31605, p5 

    The Bond Market Association's Asset Managers Forum and five more broker-dealer firms informed the U.S. Securities and Exchange Commission (SEC) that they are opposed to giving the Municipal Securities Rulemaking Board (MSRB) the authority to shut down the municipal market in the event of a...

  • MSRB Sides Mostly With Issuers on G-17 Guidance. Hemmerdinger, Jonathan // Bond Buyer;2/16/2012, Vol. 379 Issue 33665, p5 

    The article offers information on the Municipal Securities Rulemaking Board's (MSRB) wish to get approval from Securities and Exchange Commission regarding the proposed guidance that details how underwriters should treat municipal issuers under its fair-dealing rule. It is stated that the board...

  • SEC Approves MSRB 3-Hour Reporting Extension. Hume, Lynn // Bond Buyer;12/21/2005, Vol. 354 Issue 32283, p5 

    The article reports that the U.S. Securities and Exchange Commission has approved a proposal by the Municipal Securities Rulemaking Board (MSRB) related to municipal securities. The MSRB has proposed to extend by one or two years, a three-hour exception to its 15-minute transaction reporting...

  • Securities Regulation: SEC Approves MSRB Rules on Minimum Denominations. Hume, Lynn // Bond Buyer;2/1/2002, Vol. 339 Issue 31316, p5 

    Reports on the decision of the U.S. Securities and Exchange Commission to approve changes in Municipal Securities Rulemaking Board rules. Nominations for board positions; Changes to minimum denomination regulations.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics