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SEC Commissioners gave the green light on Wednesday for the staff to propose two new amendments to Rule 15c2-12 that would require issuers and borrowers to disclose certain information about bank loans and private placements, which are increasingly used alternatives to publicly offered muni bonds.
March 1 -
Mark Kim from DC Water will become Lynnette Kelly's No. 2 at MSRB, while Lakshmi Kommi of the City of San Diego will replace him on the MSRB's board of directors.
February 28 -
The Securities and Exchange Commission will weigh two amendments to required material event notices under its Rule 15c2-12 during a meeting on March 1 that may include discussion of adding bank loans and private placements to the 14-item event list.
February 24 -
Six holders of municipal revenue bonds underwritten by Christopher Brogdon are trying to recover as much as $1 million in lost capital as well as other expenses from bond trustee BOK Financial Securities.
February 23 -
Morgan Stanley will pay a $115,000 fine and $55,284 in restitution after FINRA found the firm engaged in muni transactions where it charged prices that were not fair or reasonable.
February 22 -
Christopher Morrill, Roanoke, Va.s city manager, will replace Jeff Esser in May as GFOA executive director as municipal issuers face "challenging times."
February 22 -
Julie Egan, the new chair of the National Federation of Municipal Analysts, wants to increase NFMAs visibility in the municipal market in 2017 and push regulators for more improvements to muni disclosure.
February 17 -
The Municipal Securities Rulemaking Board is asking for comments both on draft amendments to its current dealer advertising rule that would harmonize it with other regulators rules as well as on a proposed rule that would extend many of those dealer provisions to municipal advisors.
February 16 -
The Government Finance Officers Associations executive board has approved a series of new and revised best practices that make recommendations to issuers about refundings, investing their public funds, and procuring financial services.
February 16 -
Municipal market analysts are concerned that Municipal Securities Rulemaking Board data shows more issuers are giving themselves 270 days after the end of their fiscal years to file annual financial information.
February 14