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Issuers and dealers are criticizing as incompatible with the municipal bond market the Municipal Securities Rulemaking Board's proposed rule changes to establish a process for determining markups and markdowns that may have to be disclosed to retail investors.
April 4 -
The Federal Reserve on Friday released final rule changes to treat more municipal securities as high-quality liquid assets under liquidity requirements for large financial institutions, but critics complain they do not go far enough and could hurt the muni market.
April 1 -
The Supreme Courts refusal to take up a case on the Securities and Exchange Commissions use of administrative proceedings to impose penalties in enforcement cases prompted a law firm to recommend those subject to administrative proceedings to challenge their constitutionality.
March 31 -
New best-execution regulations fail to call for or help establish what is missing in the fixed income market a consolidated quote feed.
March 31 -
Bradley Wendt of Charles River Associates provides market context to the MSRBs 2016 mandate that best execution, a hallmark of the taxable fixed income and equity markets, becomes a staple for retail municipal bond investors.
March 30 -
Some investors holding millions of dollars of bonds in default in the Florida panhandle are upset by what they see as inaction by trustee Bank of Oklahoma Financial and a fired employee with links to accused fraudster Christopher Brogdon.
March 29 -
The Municipal Securities Rulemaking Board has issued a concept release on whether it should require municipal advisors to disclose information about the bank loans or privately placed municipal securities of their issuer clients
March 28 -
House members are considering legislation for Puerto Rico that would mandate the creation of a federal oversight board and make it responsible for restructuring the territorys debt and determining the priority of debt obligations and pension payments, several sources said on Wednesday.
March 23 -
The best execution rule, which took effect this week, may solidify a market shift concentrating retail customers in a few large firms, while others seek just to keep their institutional business running smoothly, market participants said.
March 23 -
Several of the Supreme Court Justices seemed sympathetic with Puerto Ricos complaints that a federal appeals court ruling striking down its debt recovery law for its utilities leaves it in a no mans land where it is not entitled to the benefits, but is subject to the burdens of Chapter 9.
March 22