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Patrick Sweeney, Fidelity Capital Markets' senior vice president and manager of the municipal securities department, joined the Municipal Securities Rulemaking Board Thursday, replacing Edward Tishelman, who left TD Securities.
November 12 -
Recent MCDC settlements provide guidance concerning the scope of materiality in continuing disclosure obligations.
November 11 -
The Municipal Securities Rulemaking Board is proposing amendments to move the municipal securities industry to a T+2 settlement cycle instead of the current T+3 in the wake of continued calls from across the securities industry and support from regulatory officials.
November 10 -
The SEC recently approved a new set of rules that would likely alter the behavior of one of the municipal bond market's largest, and one of the most influential, investor segments of the industry mutual funds. Surprisingly, the industry appears not to be considering its full implications outside of a few closed circles.
November 10 -
The Municipal Securities Rulemaking Board is proposing a limited exception to the controversial principal transaction ban in its proposed municipal advisor core conduct rule.
November 9 -
The Securities and Exchange Commission has approved a rule from the Municipal Securities Rulemaking Board that addresses potential conflicts of interest by restricting the gifts and non-cash benefits that non-dealer municipal advisors can give to issuers and others in their professional capacities.
November 9 -
Rep. Nydia Velazquez, D- N.Y., introduced a bill Wednesday that would substantially increase hedge fund reporting requirements in response to ongoing concerns about hedge funds' role in Puerto Rico's financial crisis.
November 5 -
The House Financial Services Committee approved a bipartisan bill by voice vote on Tuesday that would treat investment grade and actively traded municipal securities as high quality liquid assets under a bank liquidity rule adopted by banking regulators in September of last year.
November 3 -
The Municipal Securities Rulemaking Board filed a rule with the Securities and Exchange Commission on Tuesday that would require certain brokers, dealers and municipal advisors registered with the MSRB to participate in its business continuity and disaster recovery testing.
November 3 -
The Administration has concluded that, as part of a comprehensive approach to Puerto Rico's crisis, a tested federal bankruptcy regime is necessary.
November 2