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The Municipal Securities Rulemaking Board issued a media advisory on Tuesday warning of possible problems its anti-pay-to-play rule could cause for governors who are running for president and Wall Street firms that may contribute to them.
By Jack CaseyAugust 4 -
Nat Singer, senior managing director at Swap Financial Group, will become the new chair of the Municipal Securities Rulemaking Board on Oct. 1.
By Jack CaseyAugust 4 -
Faced with requests from dealers to withdraw its proposed principal trade price disclosure rule, the Municipal Securities Rulemaking Board now plans to modify that proposal as well as develop an alternative that would require dealers to disclose markups and markdowns on certain principal trades.
By Jack CaseyAugust 3 -
The Municipal Securities Rulemaking Board late Friday filed with the Securities and Exchange Commission revised content outlines to its qualification exams for municipal fund securities limited principals, municipal securities representatives, and municipal securities principals that will bring the tests in line with recent MSRB rule changes.
By Jack CaseyAugust 3 -
Treasury Secretary Jack Lews recommendation Tuesday to grant Puerto Rico municipalities and public entities access to Chapter 9 bankruptcy protection failed to convince Sen. Orrin Hatch, R-Utah, that the administration has the clear plan thats needed before Congress can act to help the territory.
By Jack CaseyJuly 29 -
The Municipal Securities Rulemaking Board plans later this year to propose changes to Rules G-37, on political contributions, and G-20, on gifts and gratuities, to extend these dealer rules to municipal advisors, the executive director said on Tuesday.
By Jack CaseyJuly 29 -
Proposed rule changes by the Federal Reserve are so restrictive that they would either substantially reduce or exclude municipal securities from being considered high-quality liquid assets in liquidity coverage ratios banks have to meet and, as a result, would hurt the municipal market, dealer groups and issuers are warning.
By Jack CaseyJuly 27 -
The Senate Appropriations Committee approved a bill Thursday that would provide $1.5 billion of funding for the Securities and Exchange Commission in fiscal year 2016, the same amount as the fiscal 2015 enacted level and $222 million less than the commission requested earlier this year.
By Jack CaseyJuly 24 -
The Municipal Securities Rulemaking Board revised its three online information facilities to add references to the self-regulator's core operational hours and highlight the 24/7 availability of a number of the systems' functions.
By Jack CaseyJuly 24 - Puerto Rico
The probability of a Puerto Rico default that would cause substantial losses is approaching 100%, Moodys Investors Service said.
By Jack CaseyJuly 22