.

Juanita knows wherewith whatsay she’s talking about.

Remember a week ago when she told you about Southwest Securities and the little scam with municipal securities that they’ve been running?

Well, the big boys just now figured it out.

Southwest Securities will halt the practice of paying former Texas municipal securities officials to obtain underwritings from Texas cities, FINRA announced in an agreement reached with the securities firm.

Brad Bennett, FINRA executive vice president, said Southwest Securities’ practice “threatened to compromise the integrity of the municipal securities market.”

In a statement, James Ross, Southwest Securities chief executive officer, said the “settlement is in the best interest of our firm, our shareholders and our clients.”

“Well, Honey, Juanita grins, “I don’t know if it’s in the best interest of your firm, clients, and shareholders being as how you had to pay a half million dollar fine, but it sure is in the best interests of America.”

“Damn, Darlin’, Texas is building crooks with connections to congressmen faster than we can lasso them.”

I am told that in Dallas they call this The Nightmare on Elm Street because the location of the firm is 1201 Elm Street.