Kathie O'Donnell

"FINRA has drifted far from its intended purpose," Rep. Lisa McClain said.

MSRB's goal is to address the public comments it received and to file a new rate card with the SEC before the end of the year, a spokesperson said.

MSRB appreciates "the robust stakeholder engagement and response" to its requests for feedback on both the rate card and a municipal fund securities concept release, Board Chair Bo Daniels said.

Working in the public interest was "very satisfying," the longtime SEC lawyer said.

FINRA fined three individuals a total of $40,000, a settlement document shows

Responses to an MSRB request for comment indicated broad support for an option designed to modernize delivery of municipal fund securities disclosure documents, but there was less unanimity regarding the need for a stand-alone time of trade disclosure rule.

The MSRB's rate card RFI and municipal fund securities will be among agenda topics at next week's quarterly board meeting.

"Settlor's remorse" is no justification for upsetting a settled order, SEC says.

States could face some difficult times ahead, experts say.

In a 52 to 44 vote Wednesday, the Senate voted to confirm the nomination of President Trump's pick to lead the SEC.