Kathie O'Donnell

"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.

Former WMATA CFO Yetunde Olumide has joined the MSRB as its chief financial officer.

"Compliance should never feel like a game of gotcha," SEC Chairman Paul Atkins said.

"I was disappointed that it didn't go further," said Peg Henry, who launched a municipal securities legal consulting and expert witness services business last year.

The RFC asks a number of questions about the dealer supervisory rule.

"BNY is pleased to have resolved this matter," a BNY spokesperson said.

"I don't think this topic is necessarily gaining traction as an enforcement matter," said Andrew Kintzinger, counsel at Hunton Andrews Kurth LLP.

"We are pleased to resolve this matter," Wells Fargo said in a statement.

"The new office will be smaller, more efficient, and right sized for our future needs," an MSRB spokesperson said.

Green will focus full-time on Democracy Solutions, a firm he launched in March 2024.

BDA's Decker hopeful that the "sensible regulation" trend will continue. 

The municipal advisor area "remains a heavy focus of both the commission's Division of Examinations as well as the Division of Enforcement," Andrew Kintzinger, counsel at Hunton Andrews Kurth, said.

The approved rates will go into effect on Jan. 1.

"We are excited to welcome these eight outstanding lawyers to our partnership," Bracewell Managing Partner Gregory M. Bopp said.

The final judgment in the case was filed Dec. 10 in the U.S. District Court for the Southern District of New York.

The compliance outreach program for municipal advisors and dealers, will be hosted jointly by the SEC, MSRB and FINRA.