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BB&T failed to submit accurate minimum denomination and maximum interest rates to the MSRB’s Short-Term Obligation Rate Transparency (SHORT) System in 3,710 instances, FINRA found.
May 8 -
Many of the MSRB’s past and current public board members have had significant connections with regulated dealers or banks, the unions said.
May 4 -
The MSRB is looking to cut back on repetition in its broker-dealer suitability rules, which is a welcome change for the dealer community as Reg BI goes into effect in less than two months.
May 1 -
Broker-dealers oppose a proposed change to MSRB's governance rule that would reserve two seats for municipal advisors.
April 30 -
At a virtual quarterly board meeting this week, the board discussed its search for the next CEO, which has been affected by the virus.
April 24 -
The MSRB's proposal to implement a more strict standard for public board members would impede the recruitment of qualified candidates, ICI said.
April 17 -
The MSRB wants to give dealers and muni advisors more time to implement amended rules and interpretive guidance as well as finish professional qualification and supervisory requirements.
April 13 -
Morgan Stanley, Ameritas Investment Company LLC and a former Stifel broker agreed this week to pay the fines for violating multiple muni securities rules.
March 26 -
First Manhattan Co. bought municipal securities from an unaffiliated dealer without making a reasonable effort to obtain fair and reasonable prices, FINRA said.
March 25 -
The SEC said that the timeliness of disclosures is a “major challenge” in the secondary market for municipal securities.
February 19