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The Municipal Securities Rulemaking Board doubled professional fees for municipal advisors last week.
September 17 -
“The City of Harvey, through no fault of Comer’s and unrelated to Comer’s fiduciary obligations, tainted the district’s offering,” according to the defense.
September 12 -
This is the second letter BDA has sent to the SEC in the last couple of months opposing any kind of relief for muni advisors involved in private placements.
September 10 -
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Late last week FINRA sent out a notice reminding its members to register as MAs if they engage in investment-related activity with their clients.
August 23 -
Issuers and non-dealer muni advisors support the existing prohibition, while dealers asked the MSRB to provide some flexibility.
August 20 -
The National Association of Municipal Advisors wants SEC staff action to protect MAs and possible eventual rulemaking to create "regulatory parity" between MAs and broker-dealers.
July 30 -
At its quarterly board meeting last week, the MSRB decided to do away with Rule G-34’s provision that all municipal advisors, whether dealer or non-dealer, have to apply for a CUSIP number in competitive sales.
July 29 -
Registered advisory firm Dale Scott & Co. will pay $25,000, and one firm and one individual each will pay $10,000 for acting as unregistered solicitors.
July 16