Mealey's (October 5, 2022, 2:48 PM EDT) -- PASADENA, Calif. — A federal district court did not err in entering judgment against three new-issue municipal bond traders in a Securities and Exchange Commission enforcement action alleging that the traders violated federal securities law by taking part in a fraudulent municipal bond “flipping” scheme because each of the traders failed to register as brokers with the SEC, a Ninth Circuit U.S. Court of Appeals panel ruled Oct. 4....