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.
-
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 -
Securities Industry and Financial Markets Association president and chief executive officer Kenneth Bentsen criticized recent efforts by the Securities and Exchange Commission to further regulate the muni market, telling issuer officials on Tuesday that a new rule and initiative could undermine productive relationships between municipalities and underwriters.
May 20 -
The Securities and Exchange Commission has released new information on its municipal advisor rule that includes "transitional guidance" for market participants who had been anxious about providing advice to funds that might include bond proceeds.
May 19 -
Market participants are divided over the Municipal Securities Rulemaking Board's proposal to require a qualifications exam for municipal advisors, with some wanting a uniform exam for all muni finance professionals and others wanting an approach more tailored to specific MA activities.
May 19 -
State and local officials are worried that small issuers of municipal bonds will be disproportionately exposed to the risk of enforcement action under the Securities and Exchange Commission's continuing self-reporting program on disclosure failures, and plan to pressure the commission to extend the initiative's deadline beyond its current Sept. 10 date and offer more guidance.
May 19 -
The Securities Industry and Financial Markets Association will help large issuers of municipal bonds pressure the Securities and Exchange Commission for a sophisticated issuer exemption from its municipal advisor rule, and will also request another delay in the rule's effective date if more guidance is not available soon.
May 19 -
The Government Finance Officers Association has released model language for issuer officials to use when interracting with broker-dealers and other entities under the municipal advisor rule.
May 16 -
Asset managers may have to register as municipal advisors to protect themselves from violating the Securities and Exchange Commission's MA rule, which places restrictions on advice concerning muni bond proceeds and other financial products commonly used by states and localities.
May 15 -
Issuers and underwriters might consider comprehensive reviews of all their deals stretching back a decade to determine if they might have disclosure failures worth voluntarily reporting to the Securities and Exchange Commission, securities law experts said Wednesday.
May 14 -
The Municipal Securities Rulemaking Board got the go-ahead from the Securities and Exchange Commission to consolidate muni dealers' existing fair-pricing obligations into a single rule.
May 12 -
The Municipal Securities Rulemaking Board has released guidance on its new consolidated registration rule, which seeks to streamline the process for municipal advisors as well as broker-dealers.
May 12
