Empathy List Archives

CT

Chuck Thompson

Tue, Feb 3, 2015 4:48 PM

I am posting this email to the list to make sure it is working properly, so please let me know if you receive this email. As an example of issues that the list can be used for I am passing along information about recent SEC enforcement actions:

Two SEC actions have been finalized according to Bond Buyer relating to Harvey, IL and Allen Park, MI and their officials. . One is pursuant to a judicial injunction, and the other is an administrative action involving a Commission cease and desist order and financial penalty. Both bar municipal officials from participation in future bond issues. These are firsts and reflect the Commission's intention to focus on individual penalties. Coincidentally, IMLA is filing an amicus brief to support the budget officer of Miami who was assessed a civil penalty by the SEC. IMLA is supporting the position that municipal officials should be entitled to qualified immunity for civil penalties just as they are for civil damages.

These actions reflect increased enforcement activity by the SEC in the municipal bond market and suggest that local attorneys must be vigilant regarding their clients' disclosures both at issuance and for the life of the bonds.

Charles W. Thompson, Jr.
Executive Director and General Counsel
International Municipal Lawyers Association, Inc.
7910 Woodmont Ave., Suite 1440
Bethesda, Maryland 20814
202-466-5424 x7110
Direct: 202-742-1016
Cell: 240-876-6790
Plan ahead:
IMLA's Annual Seminar April 24-27, 2015 - Omni Shoreham, Washington D.C.
IMLA's Annual Conference October 3-8, 2015 - The Rio, Las Vegas, NV

I am posting this email to the list to make sure it is working properly, so please let me know if you receive this email. As an example of issues that the list can be used for I am passing along information about recent SEC enforcement actions: Two SEC actions have been finalized according to Bond Buyer relating to Harvey, IL and Allen Park, MI and their officials. . One is pursuant to a judicial injunction, and the other is an administrative action involving a Commission cease and desist order and financial penalty. Both bar municipal officials from participation in future bond issues. These are firsts and reflect the Commission's intention to focus on individual penalties. Coincidentally, IMLA is filing an amicus brief to support the budget officer of Miami who was assessed a civil penalty by the SEC. IMLA is supporting the position that municipal officials should be entitled to qualified immunity for civil penalties just as they are for civil damages. These actions reflect increased enforcement activity by the SEC in the municipal bond market and suggest that local attorneys must be vigilant regarding their clients' disclosures both at issuance and for the life of the bonds. Charles W. Thompson, Jr. Executive Director and General Counsel International Municipal Lawyers Association, Inc. 7910 Woodmont Ave., Suite 1440 Bethesda, Maryland 20814 202-466-5424 x7110 Direct: 202-742-1016 Cell: 240-876-6790 Plan ahead: IMLA's Annual Seminar April 24-27, 2015 - Omni Shoreham, Washington D.C. IMLA's Annual Conference October 3-8, 2015 - The Rio, Las Vegas, NV

SS

Shelley Smith

Tue, Feb 3, 2015 5:57 PM

I've received it.

Shelley R. Smith
City Solicitor
1515 Arch Street, 17th Floor
Philadelphia, PA 19102
(215) 683-5003 (p)
(215) 683-5068 (f)
(215) 439-2733 (c)
shelley.smith@phila.gov

From: Pmlsolicitors [mailto:pmlsolicitors-bounces@lists.imla.org] On Behalf Of Chuck Thompson
Sent: Tuesday, February 03, 2015 11:48 AM
To: pmlsolicitors@lists.imla.org
Subject: [Pmlsolicitors] Test #2

I am posting this email to the list to make sure it is working properly, so please let me know if you receive this email. As an example of issues that the list can be used for I am passing along information about recent SEC enforcement actions:

Two SEC actions have been finalized according to Bond Buyer relating to Harvey, IL and Allen Park, MI and their officials. . One is pursuant to a judicial injunction, and the other is an administrative action involving a Commission cease and desist order and financial penalty. Both bar municipal officials from participation in future bond issues. These are firsts and reflect the Commission's intention to focus on individual penalties. Coincidentally, IMLA is filing an amicus brief to support the budget officer of Miami who was assessed a civil penalty by the SEC. IMLA is supporting the position that municipal officials should be entitled to qualified immunity for civil penalties just as they are for civil damages.

These actions reflect increased enforcement activity by the SEC in the municipal bond market and suggest that local attorneys must be vigilant regarding their clients' disclosures both at issuance and for the life of the bonds.

Charles W. Thompson, Jr.
Executive Director and General Counsel
International Municipal Lawyers Association, Inc.
7910 Woodmont Ave., Suite 1440
Bethesda, Maryland 20814
202-466-5424 x7110
Direct: 202-742-1016
Cell: 240-876-6790
Plan ahead:
IMLA's Annual Seminar April 24-27, 2015 - Omni Shoreham, Washington D.C.
IMLA's Annual Conference October 3-8, 2015 - The Rio, Las Vegas, NV

I've received it. Shelley R. Smith City Solicitor 1515 Arch Street, 17th Floor Philadelphia, PA 19102 (215) 683-5003 (p) (215) 683-5068 (f) (215) 439-2733 (c) shelley.smith@phila.gov From: Pmlsolicitors [mailto:pmlsolicitors-bounces@lists.imla.org] On Behalf Of Chuck Thompson Sent: Tuesday, February 03, 2015 11:48 AM To: pmlsolicitors@lists.imla.org Subject: [Pmlsolicitors] Test #2 I am posting this email to the list to make sure it is working properly, so please let me know if you receive this email. As an example of issues that the list can be used for I am passing along information about recent SEC enforcement actions: Two SEC actions have been finalized according to Bond Buyer relating to Harvey, IL and Allen Park, MI and their officials. . One is pursuant to a judicial injunction, and the other is an administrative action involving a Commission cease and desist order and financial penalty. Both bar municipal officials from participation in future bond issues. These are firsts and reflect the Commission's intention to focus on individual penalties. Coincidentally, IMLA is filing an amicus brief to support the budget officer of Miami who was assessed a civil penalty by the SEC. IMLA is supporting the position that municipal officials should be entitled to qualified immunity for civil penalties just as they are for civil damages. These actions reflect increased enforcement activity by the SEC in the municipal bond market and suggest that local attorneys must be vigilant regarding their clients' disclosures both at issuance and for the life of the bonds. Charles W. Thompson, Jr. Executive Director and General Counsel International Municipal Lawyers Association, Inc. 7910 Woodmont Ave., Suite 1440 Bethesda, Maryland 20814 202-466-5424 x7110 Direct: 202-742-1016 Cell: 240-876-6790 Plan ahead: IMLA's Annual Seminar April 24-27, 2015 - Omni Shoreham, Washington D.C. IMLA's Annual Conference October 3-8, 2015 - The Rio, Las Vegas, NV

WJ

Warren Jr., William W.

Tue, Feb 3, 2015 6:13 PM

Me too.

William W. Warren, Jr.
Saul Ewing LLP
Suite 700
2 North Second Street
Harrisburg, PA 17101
Phone (717) 238-7698
Fax (717) 257-7584
wwarren@saul.com

From: Pmlsolicitors [mailto:pmlsolicitors-bounces@lists.imla.org] On Behalf Of Shelley Smith
Sent: Tuesday, February 03, 2015 12:58 PM
To: Chuck Thompson; pmlsolicitors@lists.imla.org
Subject: Re: [Pmlsolicitors] Test #2

I've received it.

Shelley R. Smith
City Solicitor
1515 Arch Street, 17th Floor
Philadelphia, PA 19102
(215) 683-5003 (p)
(215) 683-5068 (f)
(215) 439-2733 (c)
shelley.smith@phila.gov mailto:shelley.smith@phila.gov

From: Pmlsolicitors [mailto:pmlsolicitors-bounces@lists.imla.org] On Behalf Of Chuck Thompson
Sent: Tuesday, February 03, 2015 11:48 AM
To: pmlsolicitors@lists.imla.org mailto:pmlsolicitors@lists.imla.org
Subject: [Pmlsolicitors] Test #2

I am posting this email to the list to make sure it is working properly, so please let me know if you receive this email. As an example of issues that the list can be used for I am passing along information about recent SEC enforcement actions:

Two SEC actions have been finalized according to Bond Buyer relating to Harvey, IL and Allen Park, MI and their officials. . One is pursuant to a judicial injunction, and the other is an administrative action involving a Commission cease and desist order and financial penalty. Both bar municipal officials from participation in future bond issues. These are firsts and reflect the Commission's intention to focus on individual penalties. Coincidentally, IMLA is filing an amicus brief to support the budget officer of Miami who was assessed a civil penalty by the SEC. IMLA is supporting the position that municipal officials should be entitled to qualified immunity for civil penalties just as they are for civil damages.

These actions reflect increased enforcement activity by the SEC in the municipal bond market and suggest that local attorneys must be vigilant regarding their clients' disclosures both at issuance and for the life of the bonds.

Charles W. Thompson, Jr.
Executive Director and General Counsel
International Municipal Lawyers Association, Inc.
7910 Woodmont Ave., Suite 1440
Bethesda, Maryland 20814
202-466-5424 x7110
Direct: 202-742-1016
Cell: 240-876-6790
Plan ahead:
IMLA's Annual Seminar April 24-27, 2015 - Omni Shoreham, Washington D.C.
IMLA's Annual Conference October 3-8, 2015 - The Rio, Las Vegas, NV

"Saul Ewing LLP " made the following annotations:
+~~~~~~~~~~~~~~~~~~~~~~~+
This e-mail may contain privileged, confidential, copyrighted, or other legally protected information. If you are not the intended recipient (even if the e-mail address is yours), you may not use, copy, or retransmit it. If you have received this by mistake please notify us by return e-mail, then delete.
+~~~~~~~~~~~~~~~~~~~~~~~~+

Me too. William W. Warren, Jr. Saul Ewing LLP Suite 700 2 North Second Street Harrisburg, PA 17101 Phone (717) 238-7698 Fax (717) 257-7584 wwarren@saul.com From: Pmlsolicitors [mailto:pmlsolicitors-bounces@lists.imla.org] On Behalf Of Shelley Smith Sent: Tuesday, February 03, 2015 12:58 PM To: Chuck Thompson; pmlsolicitors@lists.imla.org Subject: Re: [Pmlsolicitors] Test #2 I've received it. Shelley R. Smith City Solicitor 1515 Arch Street, 17th Floor Philadelphia, PA 19102 (215) 683-5003 (p) (215) 683-5068 (f) (215) 439-2733 (c) shelley.smith@phila.gov<mailto:shelley.smith@phila.gov> From: Pmlsolicitors [mailto:pmlsolicitors-bounces@lists.imla.org] On Behalf Of Chuck Thompson Sent: Tuesday, February 03, 2015 11:48 AM To: pmlsolicitors@lists.imla.org<mailto:pmlsolicitors@lists.imla.org> Subject: [Pmlsolicitors] Test #2 I am posting this email to the list to make sure it is working properly, so please let me know if you receive this email. As an example of issues that the list can be used for I am passing along information about recent SEC enforcement actions: Two SEC actions have been finalized according to Bond Buyer relating to Harvey, IL and Allen Park, MI and their officials. . One is pursuant to a judicial injunction, and the other is an administrative action involving a Commission cease and desist order and financial penalty. Both bar municipal officials from participation in future bond issues. These are firsts and reflect the Commission's intention to focus on individual penalties. Coincidentally, IMLA is filing an amicus brief to support the budget officer of Miami who was assessed a civil penalty by the SEC. IMLA is supporting the position that municipal officials should be entitled to qualified immunity for civil penalties just as they are for civil damages. These actions reflect increased enforcement activity by the SEC in the municipal bond market and suggest that local attorneys must be vigilant regarding their clients' disclosures both at issuance and for the life of the bonds. Charles W. Thompson, Jr. Executive Director and General Counsel International Municipal Lawyers Association, Inc. 7910 Woodmont Ave., Suite 1440 Bethesda, Maryland 20814 202-466-5424 x7110 Direct: 202-742-1016 Cell: 240-876-6790 Plan ahead: IMLA's Annual Seminar April 24-27, 2015 - Omni Shoreham, Washington D.C. IMLA's Annual Conference October 3-8, 2015 - The Rio, Las Vegas, NV "Saul Ewing LLP " made the following annotations: +~~~~~~~~~~~~~~~~~~~~~~~+ This e-mail may contain privileged, confidential, copyrighted, or other legally protected information. If you are not the intended recipient (even if the e-mail address is yours), you may not use, copy, or retransmit it. If you have received this by mistake please notify us by return e-mail, then delete. +~~~~~~~~~~~~~~~~~~~~~~~~+

SL

Sanchez-Ridge, Lourdes

Tue, Feb 3, 2015 8:14 PM

that's very interesting-

Lourdes Sanchez Ridge, Esq.
City Solicitor
Chief Legal Officer
414 Grant Street
Third Floor
Pittsburgh, PA 15219
412-255-2015

On Tue, Feb 3, 2015 at 11:48 AM, Chuck Thompson CThompson@imla.org wrote:

I am posting this email to the list to make sure it is working properly,
so please let me know if you receive this email. As an example of issues
that the list can be used for I am passing along information about recent
SEC enforcement actions:

Two SEC actions have been finalized according to Bond Buyer relating to
Harvey, IL and Allen Park, MI and their officials. . One is pursuant to a
judicial injunction, and the other is an administrative action involving a
Commission cease and desist order and financial penalty. Both bar municipal
officials from participation in future bond issues. These are firsts and
reflect the Commission's intention to focus on individual penalties.
Coincidentally, IMLA is filing an amicus brief to support the budget
officer of Miami who was assessed a civil penalty by the SEC. IMLA is
supporting the position that municipal officials should be entitled to
qualified immunity for civil penalties just as they are for civil damages.

These actions reflect increased enforcement activity by the SEC in the
municipal bond market and suggest that local attorneys must be vigilant
regarding their clients’ disclosures both at issuance and for the life of
the bonds.

Charles W. Thompson, Jr.

Executive Director and General Counsel

International Municipal Lawyers Association, Inc.

7910 Woodmont Ave., Suite 1440

Bethesda, Maryland 20814

202-466-5424 x7110

Direct: 202-742-1016

Cell: 240-876-6790

Plan ahead:

IMLA’s Annual Seminar April 24-27, 2015 – Omni Shoreham, Washington D.C.

IMLA’s Annual Conference October 3-8, 2015 – The Rio, Las Vegas, NV

Pmlsolicitors mailing list
Pmlsolicitors@lists.imla.org
http://lists.imla.org/mailman/listinfo/pmlsolicitors_lists.imla.org

that's very interesting- Lourdes Sanchez Ridge, Esq. City Solicitor Chief Legal Officer 414 Grant Street Third Floor Pittsburgh, PA 15219 412-255-2015 On Tue, Feb 3, 2015 at 11:48 AM, Chuck Thompson <CThompson@imla.org> wrote: > I am posting this email to the list to make sure it is working properly, > so please let me know if you receive this email. As an example of issues > that the list can be used for I am passing along information about recent > SEC enforcement actions: > > > > Two SEC actions have been finalized according to Bond Buyer relating to > Harvey, IL and Allen Park, MI and their officials. . One is pursuant to a > judicial injunction, and the other is an administrative action involving a > Commission cease and desist order and financial penalty. Both bar municipal > officials from participation in future bond issues. These are firsts and > reflect the Commission's intention to focus on individual penalties. > Coincidentally, IMLA is filing an amicus brief to support the budget > officer of Miami who was assessed a civil penalty by the SEC. IMLA is > supporting the position that municipal officials should be entitled to > qualified immunity for civil penalties just as they are for civil damages. > > > > These actions reflect increased enforcement activity by the SEC in the > municipal bond market and suggest that local attorneys must be vigilant > regarding their clients’ disclosures both at issuance and for the life of > the bonds. > > > > > > Charles W. Thompson, Jr. > > Executive Director and General Counsel > > International Municipal Lawyers Association, Inc. > > 7910 Woodmont Ave., Suite 1440 > > Bethesda, Maryland 20814 > > 202-466-5424 x7110 > > Direct: 202-742-1016 > > Cell: 240-876-6790 > > *Plan ahead:* > > *IMLA’s Annual Seminar April 24-27, 2015 – Omni Shoreham, Washington D.C.* > > *IMLA’s Annual Conference October 3-8, 2015 – The Rio, Las Vegas, NV* > > > > _______________________________________________ > Pmlsolicitors mailing list > Pmlsolicitors@lists.imla.org > http://lists.imla.org/mailman/listinfo/pmlsolicitors_lists.imla.org > >