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1 Lawyers initially question SEC enforcement case, then focus on why MA was hired The SEC’s case against an MA firm and its officials seems to have hinged on why they were hired. 2 After Harvey’s wreckage clears, credit assessment comes A full assessment of Hurricane Harvey’s impact to municipal credits remains weeks away as Houston and southeast Texas continue battling high waters. 3 Raymond James’ Rob Baird steps down as head of public finance Gavin Murrey will become the division leader of public finance/debt investment banking. 4 New Mexico’s advance refunding blunder won’t be costly Aside from embarrassment to its finance team, New Mexico won’t be hurt by its mistaken advance refunding of $79 million of non-callable bonds, officials said. 5 California’s $2.5 billion GO sale included a new investing platform A firm deploying a direct-to-buyer bond technology platform was among the co-managers. 6 Chicago suburb ordered to face the music for a depleted pension fund A state appeals court ordered Harvey, Illinois to levy a property tax to boost the nearly insolvent firefighters’ fund. 7 How Goldman’s Barber exploits market inefficiencies for muni clients Ben Barber at Goldman Sachs Asset Management seeks opportunities for SMA and mutual fund investors with a wide range of goals. 8 Puerto Rico Oversight Board sues Gov. Rosselló to force furloughs, pension cuts The Puerto Rico Oversight Board filed an adversary complaint for declaratory and injunctive relief to force cost-saving measures. 9 Takeaways from the SEC’s Beaumont enforcement action The legacy of the MCDC initiative lives on, lawyers said. 10 Duty of care enforcement for municipal advisors The SEC action this month against an Oklahoma MA offers helpful guidance for municipal advisors regarding the fiduciary duty of care.