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The Municipal Securities Rulemaking Board filed an amendment with the Securities and Exchange Commission on Thursday to make clear that although its revised rule against pay-to-play practices does not take effect until Aug. 17, there is still a two-year lookback under the current rule for individuals who make contributions before that date and then become associated with dealers.
By Jack CaseyAugust 4 - Puerto Rico
The eight members of a recently named congressional task force on Puerto Rico's economy are soliciting input from both public and private Rico stakeholders as they begin assessing possible federal changes that could help the territory.
By Jack CaseyAugust 4 -
The par amount of municipal trades reached the highest level in nearly three years during the second quarter of 2016, showing a rebound from significant declines in the second half of last year, according to Municipal Securities Rulemaking Board statistics posted Wednesday.
By Jack CaseyAugust 3 -
Colleen Woodell, former chief credit officer of global and corporate government ratings with S&P Global Ratings, will become the Municipal Securities Rulemaking Boards new chair on Oct. 1.
By Jack CaseyAugust 2 -
The Municipal Securities Rulemaking Board plans to rebate $5.5 million proportionally among dealers, file a proposal with the Securities and Exchange Commission on markup disclosure, and scrap the idea of requiring municipal advisors to disclose information about their issuer client's bank loans or privately placed municipal securities.
By Jack CaseyAugust 1 -
Goldman Sachs & Co. has agreed to pay $50,000 to settle Financial Industry Regulatory Authority charges that it submitted inaccurate auction rate securities information to a reporting system and did not have a supervisory system in place to catch the problems.
By Jack CaseyJuly 29 -
The Securities and Exchange Commission was legally required by fiscal 2016 appropriation act provisions to reject changes to Rule G-37 that extended political contribution restrictions to municipal advisors, three state Republican groups told federal appeals court judges.
By Jack CaseyJuly 28 -
The Securities and Exchange Commission is arguing it can't fight a lawsuit challenging a revised rule to curb municipal securities pay-to-play activity because the fiscal 2016 appropriations act prohibits it from spending money on any rules governing political contributions.
By Jack CaseyJuly 27 - Puerto Rico
House Speaker Paul Ryan, R-Wis., announced on Monday that Sen. Orrin Hatch, R-Utah, would serve as the chairman of the Congressional Task Force on Economic Growth for Puerto Rico.
By Jack CaseyJuly 26 -
The Municipal Securities Rulemaking Board wants to cut in half a proposed requirement that would have mandated municipal securities transactions be closed out within 20 days of settlement after dealer groups urged the self-regulator to do so.
By Jack CaseyJuly 26