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Municipal bond trading volume fell 13% during 2015 while the overall number of trades remained relatively stable, continuing a pattern that stretches back to 2007, according to data released Thursday by the Municipal Securities Rulemaking Board.
March 3 -
John Fechter, managing director and head of taxable trading at Wells Fargo Advisors in St. Louis, Mo., has been chosen to chair Bond Dealers of America this year by the group's members.
March 3 -
The Municipal Securities Rulemaking Board announced Wednesday it is pushing back the effective date for several amendments to its trade reporting rule to July 18 from May 23 to align them with the date for similar Financial Industry Regulatory Authority requirements.
March 3 -
The Municipal Securities Rulemaking Board filed proposed amendments to two rules with the Securities and Exchange Commission late Tuesday in an effort to move the municipal securities market to a two- instead three-day settlement cycle.
March 1 -
Reps. Randy Hultgren, R-Ill., and Dutch Ruppersberger, D-Md., have launched a Municipal Finance Caucus made up of House members from both political parties who will fight to protect the tax-exempt status of municipal debt and ensure there is a robust market for municipal securities.
March 1 -
Understanding your culture is a priority for the Financial Institution Regulatory Authority. While some doubt FINRA can do this, there are steps your firm can take to demonstrate adherence to rules and regulations that have an impact on the objective "indicators" of FINRA's cultural assessment.
March 1 -
Lisa Washburn, the new chair of the National Federation of Municipal Analysts, wants NFMA this year to become more proactive in collaborative industry efforts to improve municipal bond disclosure and address changes in the municipal market.
March 1 -
Several industry groups are telling the Securities and Exchange Commission they support Municipal Securities Rulemaking Board changes that would shift the board members term limits to four years from three.
February 26 -
Overzealous regulators are a big problem for middle-market broker-dealers said Warren Stephens, chief executive officer of Stephens, Inc. and a founding member of the Bond Dealers of America.
February 25 -
Six broker-dealers and investment providers have agreed to pay $103.35 million in preliminary settlements of charges by issuers and state attorneys general that they engaged in bid-rigging and price fixing for municipal investment products and derivatives.
February 24