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Municipal advisor professionals who have not already passed the Municipal Securities Rulemaking Boards pilot qualification exam will have one year from Sept. 12 to pass the permanent exam, the self-regulator announced on Tuesday.
May 31 -
Muni market groups are resoundingly saying "no" to the Municipal Securities Rulemaking Board's question of whether it should require municipal advisors to disclose information about their issuer clients' bank loans or privately placed municipal securities.
May 31 -
Dealer groups are asking the Municipal Securities Rulemaking Board for more flexibility with exceptions to its rule preventing dealers from buying or selling bonds below issuers prescribed minimum denominations.
May 26 -
Market participants need to continue working toward broad disclosure of bank loans, possibly by amending the Securities and Exchange Commissions disclosure rule to classify the loans as material events for issuers.
May 24 -
Issuers vented their frustrations about the complicated nature of voluntary bank loan disclosure in the municipal market to the Municipal Securities Rulemaking Board chair at the annual GFOA debt committee meeting.
May 22 -
The credit crisis in Puerto Rico may give Congress an opportunity to pass legislation that would allow direct regulation of state and local issuers, municipal market participants said Saturday.
May 22 -
The Securities Industry and Financial Markets Association has released four model documents designed to help municipal advisors as they work to come into compliance with the Municipal Securities Rulemaking Boards rule outlining the core duties for Mas.
May 22 -
The Government Finance Officers Association is the latest group to cry foul over the Internal Revenue Service and Treasury Departments proposed political subdivision rules, and called on the IRS to withdraw the proposal.
May 22 -
The Senate Committee on Banking, Housing, and Urban Affairs has recommended that the full Senate approve President Obamas two nominees for the Securities and Exchange Commission.
May 20 -
The mayor of Harvey, Ill. has agreed to pay $10,000 and to never participate in a municipal bond offering again in order to settle charges with the Securities and Exchange Commission that he helped the city mislead bond investors by diverting proceeds from projects for which they were intended.
May 19