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The Municipal Securities Rulemaking Board will no longer stick to its Dec. 7 implementation date for its best execution rule, but will instead set the date to fall four months after it releases its guidance on the rule, the self-regulator said Thursday.
By Jack CaseySeptember 3 -
The Municipal Securities Rulemaking Board is asking the Securities and Exchange Commission to approve proposed rule changes that would address potential conflicts of interest by limiting the gifts and non-cash benefits that non-dealer municipal advisors can give to issuers and others in connection with their activities.
By Jack CaseySeptember 3 -
Arbitration panels ordered UBS Financial Services, Inc. and its subsidiary in Puerto Rico to pay more than $5.44 million to investors in the firm's proprietary closed-end mutual funds that predominantly contained Puerto Rico bonds.
By Jack CaseySeptember 2 - Puerto Rico
James Albino stepped down as executive director of the Presidents Task Force on Puerto Rico Friday to take a deputy assistant secretary position with the Department of Veterans Affairs, an administration spokesperson confirmed.
By Jack CaseyAugust 31 -
Kym Arnone, the current chair of the Municipal Securities Rulemaking Board, has left Barclays Capital, according to a company spokesperson.
By Jack CaseyAugust 28 -
The National Association of Bond Lawyers has updated its bankruptcy guide for members with new information drawn from the relatively high number of municipal bankruptcy filings in the last few years.
By Jack CaseyAugust 27 -
A U.S. district court judge has scheduled a trial for late summer of next year in the Securities and Exchange Commission case against the city of Miami and Michael Boudreaux, the city's former budget director.
By Jack CaseyAugust 26 -
Samantha DeZur, the Bond Dealers of America vice president of federal policy and strategic communications, will take a new job as the manager of government relations for Chicago-based CME Group Sept. 14.
By Jack CaseyAugust 25 -
Three federal appeals court judges dismissed a challenge Tuesday to the Securities and Exchange Commission's pay-to-play rule for investment advisors that has similarities to the Municipal Securities Rulemaking Board's own pay-to-play rule for broker-dealers.
By Jack CaseyAugust 25 -
The National Association of Bond Lawyers released a paper Thursday giving its members tools to help issuer clients develop written disclosure policies and procedures in response to recent Securities and Exchange Commission cases against issuers.
By Jack CaseyAugust 20