Securities Firm Fined $500,000. In the first case of its kind, according to the Bond Buyer, the Financial Industry Regulatory Authority fined Southwest Securities Inc. half a million bucks for paying unaffiliated individuals to solicit municipal securities business for it. As you might know, that violates Rule G-38. I once broke Rule F-27, and I rather enjoyed it.
New Lead in Amber Hagerman Murder. Police confirm they have new information, thanks to a child pornography bust in a small Texas town. Amber Hagerman, of course, was the 10-year-old girl who was killed 15 years ago and gave her name to the Amber Alert system.
Ann-Margret Is Coming to Town. The Dallas International Film Festival (3/31-4/10) has announced that Ann-Margret will receive its Dallas Star Award. She will get the award at the festival’s opening night. The following night, the festival will have the honor of world-premiering her latest film, Lucky.
Wrestling News. WWE Superstars taped its Thursday show last night at the AAC. Here are the results. I like this format. For instance, the Mavs could tape a game tonight, we could learn on a message board what the result was, and then we could all watch the game on Friday.
Leading Off Is DMN-Free Today. Finally, if you didn’t notice, your favorite early morning FrontBurner feature was compiled today without use of the Dallas Morning News, whose paywall was officially erected this morning. I think we can all agree — subscribers and non-subscribers alike — that the phrase “officially erected” makes us a feel just a little uncomfortable.
10 comments
Tim, thanks for linking to the Hagerman/WFAA story. I’ve been on this for the past few weeks over at The Ellis County Observer.
I tipped off WFAA yesterday and some other media outlets, so I’m hoping to God we can get more of the media to look at what’s going on down here.
It all started with a child porn ring in Ennis, and then it grew, grew, grew.
Thanks again. I’ll keep you guys posted, too.
Anyone who would pay one red cent to subscribe to the Dallas Morning News web site is absolutely nuts. It is like taking a shower in a rain coat.
The DMN comments are viewable though. How is it that you can’t read the story but you can read the comments? Oh well. Works for me!
https://secure.dallasnews.com/register/offers.html
website only (or ipad only) is $2.31 a week. more than murdoch’s daily, but not as expensive as i expected. it’s what, half a venti caramel latte? with starbucks’ new reward program, i’m probably saving that much already.
I see all my hard work has finally paid off…
Would have been nice if Bond Buyer or FINRA had identified the former public officials who were using their positions to shill for business.
it’s better than an erect official.
@Dee: Are you saying the DMN doesn’t get you wet?
What is rule F-27? Getting your kid into a, for needs school, by intimidation of possible bad press, for said school?
Your forgot the best part of the story on SWS:
“Monday’s settlement follows a history of disciplinary run-ins by Southwest, including a $470,147 settlement with the Securities and Exchange Commission last year for violating MSRB Rule G-37’s pay-to-play provisions. That rule prohibits firms from engaging in negotiated muni securities business with an issuer for two years if they, their muni-finance professionals or political action committees make significant contributions to issuer officials who can influence the award of bond business.”