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Secondary market disclosure, issue price, the tax exemption for municipal bonds and private placements with banks are some of the topics the National Association of Bond Lawyers will focus on in the coming year, according to the groups incoming president, Kenneth Artin.
September 8 -
The Municipal Securities Rulemaking Board will no longer stick to its Dec. 7 implementation date for its best execution rule, but will instead set the date to fall four months after it releases its guidance on the rule, the self-regulator said Thursday.
September 3 -
The U.S. Justice Departments antitrust division is conducting a general inquiry into whether certain brokers brokers have engaged in anti-competitive practices with regard to pricing for secondary market and other municipal bond trades, according to industry officials.
September 3 -
The Municipal Securities Rulemaking Board is asking the Securities and Exchange Commission to approve proposed rule changes that would address potential conflicts of interest by limiting the gifts and non-cash benefits that non-dealer municipal advisors can give to issuers and others in connection with their activities.
September 3 -
Arbitration panels ordered UBS Financial Services, Inc. and its subsidiary in Puerto Rico to pay more than $5.44 million to investors in the firm's proprietary closed-end mutual funds that predominantly contained Puerto Rico bonds.
September 2 -
Kenneth D. Gibbs, president of the municipal securities group at Jefferies LLC, plans to leave the firm at the end of the year and take over leadership of the Maimonides Medical Center in Brooklyn.
August 31 -
Kym Arnone, the current chair of the Municipal Securities Rulemaking Board, has left Barclays Capital, according to a company spokesperson.
August 28 -
The National Association of Bond Lawyers has updated its bankruptcy guide for members with new information drawn from the relatively high number of municipal bankruptcy filings in the last few years.
August 27 -
The 60 Plus Association announced on Thursday that it is forming a coalition of small holders of Puerto Rico bonds that will push for the creation of a financial control board and oppose bankruptcy legislation for the territory.
August 27 -
A U.S. district court judge has scheduled a trial for late summer of next year in the Securities and Exchange Commission case against the city of Miami and Michael Boudreaux, the city's former budget director.
August 26