Federal Judge Rules SEC Showed Municipal Adviser Failed To Disclose Material Info

(April 16, 2024, 3:10 PM EDT) -- SAN DIEGO — A federal judge in California on April 15 issued a mixed order on a motion for partial summary judgment by the Securities and Exchange Commission, finding that the SEC adequately showed that a municipal advisory company and its co-founder withheld material information from municipal bond clients about the co-founder’s former employer but that there is a triable issue over whether the co-founder disclosed a fee-splitting agreement with his former employer to the clients....