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Dealers will have 10 calendar days to close out failed inter-dealer transactions now that the Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board's amendments to one of its rules.
August 19 -
Municipal issuers are blasting the National Federation of Municipal Analysts' suggestion that Congress give the Securities and Exchange Commission new authority to regulate issuers' disclosures, calling it overly burdensome and ineffective.
August 19 -
Puerto Rico's addiction to debt is not unlike that of an abuser to alcohol or drugs, so perhaps it is time for Puerto Rico to undertake a 12-Step Program, aided by the new financial control board.
August 18Stoever Glass & Co. -
The National Federation of Municipal Analysts is suggesting that Congress should give the Securities and Exchange Commission direct regulatory authority over issuers as a way to improve disclosure in the municipal market.
August 16 -
The Securities and Exchange Commission's settlements with issuers under its continuing disclosure enforcement initiative will not impact specific rating determinations but will be an important component of analyzing an issuer's credit fundamentals, analysts from S&P Global Ratings said in a report on Monday.
August 15 -
The National Association of Bond Lawyers recently announced nominees for its board officers and directors that members will vote on at its annual meeting in Chicago on Oct. 19.
August 15 -
An attorney in California contends that the state treasurer erred by not allowing public comment prior to rolling out an anti-pay-to-play initiative.
August 15 -
Gates Capital Corp. agreed to pay a $22,500 fine after the Financial Industry Regulatory Authority found the firm violated transaction reporting standards mandated under Municipal Securities Rulemaking Board rules.
August 15 -
One former Kildare Capital employee has been banned from the market and another was hit with a $25,000 fine and 12-month ban after FINRA found that they artificially inflated interdealer prices for municipal securities through 25 round-trip transactions.
August 12 -
While dealer groups are pushing the Municipal Securities Rulemaking Board to place more restrictions on its proposal to share trade data with academics, researchers say the ones the MSRB has already floated threaten to render the data hard to use or even useless.
August 11