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Municipal market groups are generally supporting a Municipal Securities Rulemaking Board proposal to speed up settlements of muni transactions to two from three days.
By Jack CaseyDecember 11 -
Members of the Government Finance Officers Association raised concerns with the Securities and Exchange Commission's proposed rule changes that would require open-end mutual funds and exchange traded funds to take steps to manage liquidity risks so they could handle redemptions during periods of financial stress.
By Jack CaseyDecember 11 -
The Republican chairs of three Senate committees that have jurisdiction over Puerto Rico and bankruptcy introduced a bill on Wednesday night that would establish an authority that could issue bonds and provide up $3 billion in resources to help Puerto Rico stabilize its budget and debt.
By Jack CaseyDecember 9 -
Fifteen organizations are urging members of the House of Representatives to vote on a proposed bill that would treat investment grade and actively traded municipal securities as high quality liquid assets under a bank liquidity rule adopted by bank regulators in September of last year.
By Jack CaseyDecember 7 -
The Supreme Court has agreed to take up Puerto Rico's appeal of a lower court ruling that the commonwealth's local restructuring law is not allowable under federal bankruptcy law.
By Jack CaseyDecember 4 -
Two dealer groups are urging the Securities and Exchange Commission to disapprove the Municipal Securities Rulemaking Boards proposed municipal advisor core conduct rule, despite an amendment that would provide an exception to the rules controversial principal transaction ban.
By Jack CaseyDecember 2 -
Bond Dealers of America plans to move its offices to K Street here on Dec. 7 to have more space in which to grow and to continue to enhance its lobbying efforts.
By Jack CaseyNovember 30 -
The Municipal Securities Rulemaking Board on Monday announced seven members of an investor advisory group designed to give its board of directors additional expertise on investor protection issues.
By Jack CaseyNovember 30 -
Puerto Rico Gov. Alejandro García Padilla, who will soon decide whether the commonwealth will default on a debt service payment, and Pedro Pierluisi, the territory's representative in Congress, will headline a Senate committee hearing on Tuesday to address the commonwealth's fiscal and debt crisis, as well as possible fixes.
By Jack CaseyNovember 30 -
The Municipal Securities Rulemaking Board is working with the Securities and Exchange Commissions Investor Advocate to identify areas in the muni market that could hurt retail investors.
By Jack CaseyNovember 25