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The Securities and Exchange Commission on Friday approved Municipal Securities Rulemaking Board amendments to facilitate moving the municipal securities industry to a two- instead of three-day settlement cycle.
By Jack CaseyApril 29 -
As Puerto Rico faces bond defaults on Monday and July 1 without legislative relief from Congress, analysts say new litigation is increasingly likely.
By Jack CaseyApril 29 -
Dustin McDonald, the current director of the Government Finance Officers Associations federal liaison center, is leaving GFOA on Friday to lead the marijuana technology company Weedmaps government relations practice.
By Jack CaseyApril 28 -
A lawyer facing Securities and Exchange Commission charges that he violated federal securities laws as part of a pay-to-play scheme to secure Ohio pension business is arguing the commissions charges cannot apply to him and should be dismissed.
By Jack CaseyApril 27 -
A vote on the Puerto Rico bill may be stalled until mid-July as many, including unions and other groups, press for changes to address concerns over debt restructuring and oversight board provisions as well as to protect the island's pensioners
By Jack CaseyApril 26 -
The Municipal Securities Rulemaking Board is making its trade data available through a research platform to individuals associated with more than 400 institutions around the world, but without the controversial anonymous dealer identifiers in a proposed new product still under development.
By Jack CaseyApril 25 -
The two years since the announcement of the Securities and Exchange Commissions Municipalities Continuing Disclosure Cooperation initiative have contained vast improvements in disclosure for the municipal market but there are still issues to tackle and questions to ask as disclosure continues evolving, market participants speaking on a panel here said.
By Jack CaseyApril 22 -
The Municipal Securities Rulemaking Boards proposal to require dealers acting as principals to disclose their markups and markdowns on retail confirmations would add complexity to the market and subject dealers to significant costs, dealers and others said here on Thursday.
By Jack CaseyApril 21 -
The Municipal Securities Rulemaking Board will move forward with a revised proposal that would mandate municipal securities transactions be closed out within 20 instead of 30 days of settlement, Lynnette Kelly, the MSRBs executive director said on Monday.
By Jack CaseyApril 18 -
The Securities and Exchange Commissions municipal enforcement unit could be bringing more cases with concurrent criminal charges in the future as it plans to increase its coordination with the Department of Justice and the Federal Bureau of Investigation.
By Jack CaseyApril 18