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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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 -
A coalition of state and local groups has written a letter to Securities and Exchange Commission member Daniel Gallagher countering his recent comments about pension obligation disclosure and arguing that any problems in the area are individual and not universal.
June 16 -
The Securities and Exchange Commission's investigation of the Port Authority of New York and New Jersey must determine if investors needed to know about $1.8 billion of controversial spending, securities law experts said. Others said any SEC enforcement action would not be a fix for the authority's problems.
June 16 -
The Securities Industry and Financial Markets Association has sent a letter to numerous federal regulators arguing that the joint venture structure used for the first time last week to sell tender option bonds should be legal under the Volcker rule.
June 16 -
The Port Authority of New York and New Jersey has publicly disclosed that it is under investigation by the Securities and Exchange Commission and other federal and state authorities for diverting $1.8 billion to pay for New Jersey road repair projects, The Bergen Record reported Thursday evening.
June 13 -
Merrill Lynch, Pierce, Fenner & Smith Thursday sold the first tender option bonds structured to comply with the Volcker Rule, a feat Moody's Investors Service said will benefit the market by allowing TOB trusts to continue purchasing munis.
June 12 -
The Bond Dealers of America is urging the Securities and Exchange Commission to limit the scope of its continuing disclosure violation self-reporting program and the participation deadline by more than three months.
June 12 - Washington
State general fund spending is increasing, although it continues to lag behind historical averages and revenue growth remains small in some states, according to a new report from the National Association of State Budget Officers.
June 12 -
The municipal securities market is "fertile ground" for further enforcement initiatives aimed at getting market participants to comply with their obligations under the law, the Securities and Exchange Commission's enforcement director said Wednesday.
June 11 -
Ernesto Ernie Lanza is leaving his position as deputy executive director at the Municipal Securities Rulemaking Board to join the Washington office of Greenberg Traurig.
June 10 -
Issuers are disclosing more failures to comply with their continuing disclosure agreements than in past months - a development some market participants said stems from a Securities and Exchange Commission's program encouraging them and their underwriters to self-report instances in which bond documents falsely stated the issuer was in compliance with its CDA.
May 30 -
Securities and Exchange Commission member Daniel Gallagher said Thursday that pension and other post-employment benefit liabilities need to be made more transparent for investors, and argued for a universal "disclosure baseline" that all cities should use.
May 29 -
Two members of Congress are urging federal regulators to reevaluate a proposal to exclude municipal bonds from qualifying as high quality liquid assets under banking rule designed to ensure banks are equipped to handle severe financial and economic stress.
May 28 -
Another broker dealer group is asking the Securities and Exchange Commission to suspend the Municipal Securities Rulemaking Board's proposal to charge each municipal advisor professional $300 per year, but non-dealer MAs are giving the MSRB's fee structure their support.
May 22 -
Existing home sales rose 1.3% to a seasonally adjusted 4.65 million unit rate in April from an unrevised 4.59 million pace the previous month, the National Association of Realtors announced Thursday.
May 22 -
Securities and Exchange Commission attorney Peter Chan defended the commission's Municipalities Continuing Disclosure Cooperation Initiative Wednesday, telling issuer officials not to succumb to fear or confusion about the MCDC one day after the leader of a dealer group blasted the program.
May 21
