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The Municipal Securities Rulemaking Board has improved its EMMA system to make it easier for issuers to disclose bank loans and other alternative financings after state and local officials complained the process was too confusing and seemed to lose some of these disclosures.
September 26 -
Former state and local officials on a House Financial Services Committee panel raised concerns Thursday about the lack of transparency of fees in municipal bond deals and the tendency by dealers to push for more negotiated than competitive bond transactions.
September 22 -
Dealers are struggling with how to comply with the Municipal Securities Rulemaking Boards proposed markup disclosure requirements and whether they can create computer programs or rely on pricing services for compliance.
September 22 -
Municipal market participants at The Bond Buyer's California Public Finance Conference shared concrete examples of how disclosure is improving in the wake of the Securities and Exchange Commission's continuing disclosure voluntary enforcement initiative.
September 21 -
About 680 firms, with 4,500 associated professionals, were registered as municipal advisors as of September, the Municipal Securities Rulemaking Boards chairman told House and Senate committee leaders in a letter detailing the boards compliance with the Dodd-Frank Act.
September 20 -
Stark Municipal Brokers and Performance Trust Capital Partners have agreed to pay a combined $25,000 over reporting violations uncovered by the Financial Industry Regulatory Authority and a former chief executive officer of an Atlanta-based securities company has agreed to be barred from the market in a FINRA action that involves alleged securities fraud.
September 19 -
Money market mutual funds holdings of municipal bonds fell by nearly $42 billion dollars between the second quarter of this year and the same period last year, a change that is partially the result of soon-to-become-effective rule changes from the Securities and Exchange Commission.
September 16 -
The securities fraud jury verdict against the city of Miami and its former budget director Michael Boudreaux on Wednesday will likely embolden the Securities and Exchange Commission to litigate rather than settle cases against issuers and their officials, lawyers said on Thursday.
September 15 -
The Securities and Exchange Commission has approved proposed rule changes from the Municipal Securities Rulemaking Board that would authorize the board to provide three-year old trade data for academic studies that would identify dealers in some way without naming them.
September 14 -
In a first-of-a-kind verdict, a Miami jury found on Wednesday that Miami and its former budget director, Michael Boudreaux, were guilty of securities fraud for faulty disclosures in connection with three 2009 municipal bond offerings.
September 14