Kathie O'Donnell

The current lateral recruiting marketplace for public finance attorney talent is "highly competitive," according to Nixon Peabody's Julie Seymour.

The MSRB should "eliminate all location-based concepts of supervision," SIFMA's Leslie Norwood said in a March 16 comment letter.

Acting Director Sam Waldon "will be a steady hand for the division during this period, including for municipal securities-related enforcement activity," said Kathleen Marcus, a partner at Stradling.

The order from U.S. District Judge F. Dennis Saylor IV was issued at 5 p.m. Eastern Time on Friday. 

Educational institutions risk "hefty fines and other serious consequences, including potential loss of federal funding," should they fail to submit timely and complete data. 

Founded in 2006, the women-owned firm ranks among the nation's top municipal advisors.

BDA "strongly supports FINRA and the MSRB remaining independent self-regulatory organizations," Mike Nicholas said. 

Currently, the 15-member board consists of eight public representatives and seven regulated representatives.

NFMA "serves a lot of core functions," said Angela Kukoda, its 2026 chair.

If building out AI tools requires a big investment, "it sure helps to have the capital," said Justin Marlowe, a research professor in the University of Chicago Harris School of Public Policy.

JPMS violated MSRB Rule G-32 as well as MSRB Rule G-27, FINRA found. 

"This split enforcement action is unconstitutional and unlawful," their opening brief said.

"This matter involves unregistered municipal advisory activity by Ford Research and its president, founder, owner, and sole employee Ford," the SEC's order said.

The development of powerful quantum computers has serious implications for how state and local governments protect sensitive information.

The MSRB published the request for comment Nov. 3 to seek input on draft amendments to Rule D-15, which defines the term sophisticated municipal market professional.

"This would be an unnecessary change that would be difficult to administer and comply with and which would severely limit municipal entity choice," the Bond Dealers of America said in a comment letter.

"MSRB is committed to ensuring our regulatory framework keeps pace with an evolving market," MSRB Board Chair Natasha Holiday said.

"These municipal bond schemes improperly divert new issue bonds to bad actors at the expense of bona fide retail investors," FINRA's Meghan Ferguson said.

MSRB CEO Mark Kim described GFOA's letter suggesting changes the MSRB could make as "very constructive, very valuable."

"We are on the cusp of major changes in how the municipal securities market operates," Dave Sanchez, director of the Securities and Exchange Commission's Office of Municipal Securities, said last week.