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Representatives for municipal advisors and dealers wrote to the MSRB saying it must reevaluate its proposed new advertising rule for municipal advisors and its attempts to harmonize its existing dealer advertising rule with Financial Industry Regulatory Authority requirements.
March 27 -
The public finance team at the Houston law firm of Bracewell expects to increase its appeal to bond issuers after adding former SEC attorney Edward Fierro and rising in the ranks of bond counsel in 2016.
March 27 -
Jay Clayton, the nominee to take over as SEC chair, told senators on Thursday that a focus on enforcement against individuals will be an important part of the SECs efforts to curb bad actors in the capital markets.
March 23 -
The move to a shorter settlement cycle for munis of two instead of three business days after the trade date will take effect on Sept. 5.
March 22 -
The MSRB responded to market participants comments about a prior draft of municipal advisor continuing education requirements by making several changes and providing more details about the way an MA firm could implement the proposal.
March 21 -
The National Federation of Municipal Analysts final best practices on charter school disclosures suggests schools can use links to websites for certain information.
March 20 -
Amie Riggle Berlin, the SECs lawyer who handled its case against Miami and Michael Boudreaux, explained the important aspects of a reliance on professionals defense and the need for issuers to stay truthful in their offering documents during a conference panel.
March 17 -
Ed Fierro has joined Bracewell after leaving the SECs Office of Municipal Securities.
March 17 -
Market participants gathered at The Bond Buyer and Bond Dealers of Americas National Municipal Bond Summit expressed concerns with the broad nature of the SECs proposal to add two material events to Rule 15c2-12 that would also emphasize the need to make materiality determinations.
March 16 -
The SEC wants a Puerto Rico federal court to agree that Jose Ramirez, a former UBS Puerto Rico employee, engaged in a scheme to defraud investors in closed-end funds with large investments in Puerto Rico bonds.
March 14