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Bond Dealers of America will be working on a full plate of issues this year as it helps its members navigate recent and ongoing regulatory developments while maintaining its educational and Capitol Hill-centered work, said new BDA board chair John Fechter.
By Jack CaseyApril 18 -
First Winston Securities, Alton Securities Group, and MidAmerica Financial Services were ordered to pay a total of $115,000 in fines and restitution by the Financial Industry Regulatory Authority for violation of municipal securities rules.
By Jack CaseyApril 15 -
In parallel actions on Thursday, the Securities and Exchange Commission and the U.S. district attorney for the Southern District of New York filed civil and criminal charges against Ramapo, N.Y., officials for misleading investors in connection with bonds issued to finance a minor league baseball stadium.
By Jack CaseyApril 14 -
The Natural Resources Committee has indefinitely delayed the vote that was planned for Thursday on the Puerto Rico bill as its members, Treasury Department officials and other stakeholders continue to try to address the concerns raised about the measure and change its provisions to ensure they can get enough votes to pass it.
By Jack CaseyApril 13 -
The House Committee on Natural Resources is moving forward with a bill to help Puerto Rico that loosens provisions regarding the oversight board but still keeps the cram down and debt litigation moratorium portions of an earlier version that drew criticism.
By Jack CaseyApril 12 -
The Securities Industry and Financial Markets Association is pressing the Securities and Exchange Commission to update and modernize its municipal securities disclosure rule as well as develop a parallel rule that gives municipal advisors continuing disclosure responsibilities.
By Jack CaseyApril 12 -
Bond Dealers of America is urging the Municipal Securities Rulemaking Board to leave unchanged some rules that relate to the municipal securities markets move to a two- instead of three-day settlement cycle.
By Jack CaseyApril 11 -
The Municipal Securities Rulemaking Board is proposing two clarifying exceptions to its rule preventing dealers from buying or selling bonds below their stated minimum denominations
By Jack CaseyApril 7 -
Most municipal bond analysts believe Chapter 9 bankruptcy is taboo for municipalities and should be avoided, according to an analyst survey by PNC Capital Markets LLC.
By Jack CaseyApril 5 -
The Municipal Securities Rulemaking Board and Financial Industry Regulatory Authority warned firms on Monday that they need to conduct adequate due diligence to determine if bank loans and private placements involve municipal securities.
By Jack CaseyApril 4