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The Bond Dealers of America is now part of a new umbrella organization called the American Securities Association that will also include an upstart association for middle market equities dealers.
February 24 -
The Financial Industry Regulatory Authority ordered George K. Baum & Co. to pay $270,000 for charging a Colorado school district more than four times the firms normal underwriting fee, partly to pay for costs associated with promoting bond ballot initiatives.
February 23 -
The National Association of Bond Lawyers is urging the Treasury Department and Internal Revenue Service to create special, more lenient issue price rules for competitive transactions, particularly small deals.
February 23 -
The Municipal Securities Rulemaking Board has published a new educational guide that walks retail investors through the pros and cons of varying methods of investing in municipal bonds.
February 22 -
Challenges remain despite initial favorable reaction to a proposal to establish guidance for municipal securities dealers calculating prevailing market price and compensation in principal transactions.
February 19 -
A Financial Industry Regulatory Authority arbitration panel in San Juan ordered UBS AG to pay an investor about $1.45 million in compensation for losses suffered by investments in its Puerto Rico closed-end bond funds.
February 19 -
The Municipal Securities Rulemaking Board has released proposed rule changes that would provide guidance on how municipal securities dealers should price bonds and calculate their compensation.
February 18 -
Three groups are threatening to challenge the constitutionality of the Municipal Securities Rulemaking Board's revised pay-to-play rule for municipal advisors.
February 18 -
Comprehensive or targeted reform of the federal tax code could significantly impact the revenues of most states, The Pew Charitable Trusts found in a report released Wednesday.
February 17 -
Oppenheimer & Co., WFG Investments, and E*TRADE were three of seven firms that the Financial Industry Regulatory Authority fined a total of $412,500 for trading municipal securities below the minimum denomination.
February 16