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$3B Metrorail Extension Through Virginia Begins Service
Trains are now carrying passengers on the first segment of Washington rail system extension funded with $3 billion of federal loans and toll revenue bonds.
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Brian Zwerner, former manager of Bank of America's municipal derivatives trading desk, received three years' probation and a $10,000 fine for mini bond bid-rigging  more »
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Using bond proceeds to construct a university athletic facility at a revised location will not cause the bonds to fail to meet public notice and approval requirements, the Internal Revenue Service ruled.  more »
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The Securities and Exchange Commission's Office of Municipal Securities is hiring two new attorney advisers in the latest expansion of the team tasked with providing muni market expertise to federal regulators.  more »

Since the release of the Securities and Exchange Commission's final municipal advisor registration rule in September 2013, the Bond Dealers of America and its members have dedicated significant efforts and resources to work with regulators, educate issuers and ultimately be prepared to make a successful implementation of the rule.

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