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SEC Chair Clayton’s comments that information on EMMA is subject to more scrutiny could be true for some participants depending on issuers’ reliance on the MSRB site.
August 2 -
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 -
Clayton noted a trend of issuers being advised that information they supply on EMMA is subject to more anti-fraud scrutiny than information provided in other ways.
July 29 -
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 -
Prominent muni market figures will discuss the content and timeliness of disclosure at an SEC committee meeting next week.
July 25 -
Sen. John Kennedy introduced the bill in April, and is attempting to move it forward. It would overhaul MSRB board membership rules, particularly for members representing the public.
July 12 -
Allison Herren Lee is short on direct municipal market experience, but has a well-rounded background as a securities lawyer.
July 9 -
Both BDA and SIFMA have now both asked the SEC not to grant regulatory relief to PFM, one of the largest municipal advisors in the business.
July 2 -
A PFM letter caused a firestorm among dealer groups who say that if municipal advisors want to engage in broker-dealer activities, they need to register as such.
June 24 -
The new events became effective in late February, and hundreds of Event 15 disclosures have filed in, with just a handful of Event 16 filings.
June 20