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The Investment Company Institute is urging the Municipal Securities Rulemaking Board to give 529 college savings plan underwriters another extension before they will have to file their first data submissions under a recently adopted rule.
By Jack CaseyAugust 20 -
The Municipal Securities Rulemaking Board announced changes to its Electronic Municipal Market Access site Tuesday that will allow municipal issuers to show bank loan disclosures in a further effort to promote voluntary disclosure of issuers bank loan financings.
By Jack CaseyAugust 18 -
Two Citigroup companies agreed to pay $180 million on Monday to settle charges they defrauded investors by misrepresenting that investments in two now-defunct hedge funds were safe, low-risk and suitable for traditional bond investors.
By Jack CaseyAugust 17 -
The Municipal Securities Rulemaking Board has proposed several changes to clarify its proposed Rule G-42 on core duties of municipal advisors but declined to ease a controversial provision that would bar an MA giving advice from acting as a principal in the same transaction.
By Jack CaseyAugust 14 -
Securities and Exchange Commission members are calling for the adoption of rules requiring broker-dealers to disclose markups and markdowns on municipal securities, warning that if self-regulators do not act, the SEC will propose the rules itself.
By Jack CaseyAugust 13 -
Lobbying efforts more than doubled in the second quarter of this year over pending legislation that would give Puerto Rico utilities and authorities access to Chapter 9 bankruptcy protection.
By Jack CaseyAugust 12 -
The Municipal Securities Rulemaking Board announced Monday it will increase its initial and annual fees while lowering its underwriting fee to better distribute costs among regulated entities based on level of involvement.
By Jack CaseyAugust 11 -
The Securities and Exchange Commission has asked for an extension to decide whether to approve the Municipal Securities Rulemaking Board's proposed Rule G-42 on the core duties of municipal advisors.
By Jack CaseyAugust 7 -
The Senate Appropriations Committee's fiscal 2016 financial services bill would significantly underfund the Securities and Exchange Commission and undermine the Internal Revenue Service's ability to carry out basic functions, Office of Management and Budget director Shaun Donovan warned committee leaders in a letter this week.
By Jack CaseyAugust 6 -
Trading activity in the municipal market for the second quarter of this year was 14% higher than the previous quarter as well as the second quarter last year, with several Puerto Rico bonds among the most traded, according to the Municipal Securities Rulemaking Board.
By Jack CaseyAugust 5