Kyle Glazier is the Washington Bureau Chief of The Bond Buyer. He has previously covered securities law, the Far West, and markets. He has previously written for the Houston Chronicle, Albany Times-Union, and The Denver Post. He holds a bachelor’s degree in English from Arizona State University and a master’s degree in journalism from the University of Colorado.
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The Municipal Securities Rulemaking Board will re-propose its draft Rule G-42 on the duties of non-solicitor advisors, the MSRB confirmed Tuesday.
July 15 -
Dealers pay less for munis than customers, particularly when there is more time between trades, according to a long-awaited study commissioned by the Municipal Securities Rulemaking Board. But market sources say the finding is not surprising and that the report is limited in its results.
July 15 -
WashingtonPuerto Rico's non-voting representative in Congress met with credit rating agencies and investment bankers in New York last weekend, seeking to assure them of Puerto Rico's economic future.
July 15 -
Utah Treasurer Richard Ellis is making a push to educate his state's issuers about the Securities and Exchange Commissions Municipalities Continuing Disclosure Cooperation initiative, which many public officials remain uninformed about.
July 11 -
Puerto Rico Resident Commissioner Pedro Pierluisi is exploring whether Congress might be willing to amend the federal bankruptcy code to allow government-owned corporations in Puerto Rico to file for bankruptcy.
July 10 -
Bond lawyers and issuers are frustrated that the Securities and Exchange Commission did not specify the disclosure failures that led to its settlement with a California school district on Tuesday. They said it leaves them with no helpful guidance on what kinds of disclosures the SEC is focusing on in its Municipalities Continuing Disclosure Cooperation voluntary enforcement initiative.
July 9 -
The Securities and Exchange Commission settled its first case under its Municipalities Continuing Disclosure Cooperation initiative after charging a school district in California with misleading bond investors about its past compliance with its continuing disclosure obligations.
July 8 -
The Government Finance Officers Association has issued an alert for issuer officials urging them to approach the Securities and Exchange Commission's continuing disclosure self-reporting program cautiously, and advising the group's members that attempts to lobby the SEC for changes to the initiative have been largely unsuccessful.
July 7 -
The Bond Dealers of America have released a paper prepared by Nixon Peabody LLP that aims to explain to issuers how their relationships with the brokers that handle their investments will change now that the Securities and Exchange Commissions municipal advisor registration rule is in effect.
July 1 -
The Bond Dealers of America is making another push for changes to the Securities and Exchange Commissions Municipalities Continuing Disclosure Cooperation initiative after the SEC rejected BDA's earlier requests to narrow the scope of the program and extend its deadline.
July 1 - Washington
The DC Water and Sewer Authority is looking to issue 100-year green bonds for a massive wastewater project.
June 30 -
Dozens of firms have withdrawn their registrations as municipal advisors under the new regulatory regime that takes full effect Tuesday, citing a myriad of reasons for avoiding participation in a new era of muni advising.
June 30 -
Some broker-dealers and some issuers have distorted the truth about the municipal advisor rule, said a former Securities and Exchange Commission lawyer who worked on the new regulatory regime.
June 27 -
The SEC's latest action continues to illustrate the commission's intent to vigorously enforce the muni bond space, securities lawyers said, and might also illustrate why issuers might hesitate to participate in its controversial self-reporting program.
June 26 -
State pension funding levels have probably hit their low point, and can begin a long, slow recovery, according to a new report from Standard & Poor's.
June 25 -
Public officials responsible for the investment of municipal funds will have to keep track of bond proceeds when the muni advisor rule takes effect in less than two weeks, even if compliance is ultimately not their problem, according to experts participating in a California Debt and Investment Advisory Commission webinar Monday.
June 23 -
Securities and Exchange Commission chairman Mary Jo White's public push for bond market transparency initiatives before year's end improves the chances of major changes affecting muni dealers and investors. The road there will not be easy.
June 20 -
The Securities and Exchange Commission has charged a Philadelphia-area private equity firm with violating pay-to-play rules by receiving advisory fees from the city and state pension funds following campaign contributions an associate made to state and local officials. It is the first case brought by the SEC under its pay-to-play rules for investment advisers.
June 20 -
The market for variable rate demand obligations has contracted five of the last six years, the Municipal Securities Rulemaking Board said in a report released Wednesday.
June 18 -
The House Appropriations Committee has unveiled a fiscal year 2015 bill that would fund the Securities and Exchange Commission at $1.4 billion - $50 million above the fiscal year 2014 level and $300 million below President Obama's budget request.
June 17
