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More issuers are missing bond payments and deadlines for filing annual financials; the Roman Catholic Church of the Archdiocese of New Orleans filed for bankruptcy partially blaming COVID-19, affecting $41 million of bonds.
May 12 -
BB&T failed to submit accurate minimum denomination and maximum interest rates to the MSRB’s Short-Term Obligation Rate Transparency (SHORT) System in 3,710 instances, FINRA found.
May 8 -
The National Federation of Municipal Analysts asked the Municipal Securities Rulemaking Board to create a separate category for COVID-19 related disclosures.
May 7 -
Mark Kim, MSRB chief operating officer, predicted even more disclosures in the near future.
May 5 -
Many of the MSRB’s past and current public board members have had significant connections with regulated dealers or banks, the unions said.
May 4 -
The MSRB is looking to cut back on repetition in its broker-dealer suitability rules, which is a welcome change for the dealer community as Reg BI goes into effect in less than two months.
May 1 -
Broker-dealers oppose a proposed change to MSRB's governance rule that would reserve two seats for municipal advisors.
April 30 -
In a weekly COVID-19 disclosure report released Tuesday, included among the hundreds of disclosures were two unscheduled draws on debt service reserves.
April 28 -
MSRB Chief Market Structure Officer John Bagley will join the Federal Reserve Bank of New York for eight months to lend his municipal market knowledge toward the Fed’s new Municipal Liquidity Facility.
April 27 -
At a virtual quarterly board meeting this week, the board discussed its search for the next CEO, which has been affected by the virus.
April 24