![Sarah Wynn is an editorial intern at American Banker. She is a recent grad of University of Missouri's journalism school.](https://arizent.brightspotcdn.com/dims4/default/c8b01b4/2147483647/strip/true/crop/960x960+0+0/resize/200x200!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2Fef%2F3c%2Feb03c20741babb9f1d5913490651%2Fwynn-sarah.jpg)
Sarah Wynn covers securities and infrastructure for the Washington bureau.
Sarah Wynn covers securities and infrastructure for the Washington bureau.
Buy side analysts are skeptical about broker-dealer concerns that the order could greatly expand the private placement market.
The board will, among other things, review comments on a proposed order that would allow municipal advisors to participate in some private placement activities.
The Securities Industry and Financial Markets Association survey indicates low interest rates will keep the environment for issuing debt favorable.
The Municipal Securities Rulemaking Board's assets dropped by $8.5 million.
An SEC advisory committee recommended allowing investment advisers affiliated with broker-dealers to offer and sell negotiated new issue muni bonds during the order period that the dealer also participates in.
The Financial Industry Regulatory Authority released its annual Risk Monitoring and Examinations Priorities letter Thursday.
Dealer groups want the SEC to examine broker-dealers and municipal advisors equally.
Some smaller firms are deciding to qualify more than half of their municipal advisor principals as a sort of backup plan.
The Securities and Exchange Commission plans to focus on protecting Main Street investors in municipal bonds.
The investigation appears to be linked to the supervision of Deborah Kelley, a broker who was convicted and sanctioned for bribing a state pension fund officer.