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The Securities Industry and Financial Markets Association is pressing the Securities and Exchange Commission to update and modernize its municipal securities disclosure rule as well as develop a parallel rule that gives municipal advisors continuing disclosure responsibilities.
April 12 -
Securities and Exchange Commission chairman Mary Jo White cited a voluntary municipal continuing disclosure enforcement program for dealer and issuers as one of the commissions successful efforts at deter securities law violations and change market behavior.
April 12 -
The Securities Exchange Commission has charged Texas Attorney General Ken Paxton with securities fraud in a case involving a Texas-based technology company. Paxton was already under indictment in Texas for acting as an unregistered financial advisor.
April 11 -
The Associated Press and Municipal Bond Information Services, a national consortium of municipal interdealer brokers, announced Monday that it has created a new muni bond index.
April 11 -
Bond Dealers of America is urging the Municipal Securities Rulemaking Board to leave unchanged some rules that relate to the municipal securities markets move to a two- instead of three-day settlement cycle.
April 11 -
Bond trustees are proving to have less power than some investors expect as debt distress has become a more persistent concern for municipal bond investors.
April 11 -
The Municipal Securities Rulemaking Board is proposing two clarifying exceptions to its rule preventing dealers from buying or selling bonds below their stated minimum denominations
April 7 -
The Municipal Securities Rulemaking Board plans to weigh complaints it recently received on a proposal for determining markups, as well as comments on close-out procedures for dealers, during its meeting next week.
April 6 -
Most municipal bond analysts believe Chapter 9 bankruptcy is taboo for municipalities and should be avoided, according to an analyst survey by PNC Capital Markets LLC.
April 5 -
The Municipal Securities Rulemaking Board and Financial Industry Regulatory Authority warned firms on Monday that they need to conduct adequate due diligence to determine if bank loans and private placements involve municipal securities.
April 4