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 National Federation of Municipal Analysts will ramp up its education efforts on disclosure this year by publishing guidance on general obligation bonds and new issue disclosure, NFMA chair Susan Dushock said.
February 21 -
Dealer groups are unsure whether the Municipal Securities Rulemaking Board's proposed best execution rule is tailored enough for the municipal market, but are pleased it would exempt sophisticated professionals.
February 19 -
The Municipal Securities Rulemaking Board has proposed a best execution rule, a step recommended by the Securities and Exchange Commission that has been mostly resisted by dealers who have warned such a rule would be tough to implement in the muni market.
February 19 -
Standard & Poor's is urging municipal bond issuers to fully disclose their bank loans and other alternative financings, warning these potentially carry considerable credit risk.
February 18 -
Energy production is driving explosive population growth in states such as North Dakota with positive implications for those economies, while other economic and demographic factors are constraining the growth of states such as West Virginia, according to a Fitch Ratings report released Friday.
February 14 - Puerto Rico
Legislation providing for a federally-sponsored vote on Puerto Rico's admission as a state is now pending in both chambers of Congress.
February 12 -
A gradual economic recovery helped the credits of municipal bond issuers in 2013, Fitch Ratings said Wednesday, with the agency reporting that the past year witnessed fewer downgrades and more upgrades than 2012.
February 12 -
The Financial Industry Regulatory Authority has received dozens of filings for arbitration investors who say they were harmed by unsuitable advice doled out by UBS Financial Services of Puerto Rico when the market for the commonwealth's bonds declined.
February 12 -
Former Bank of America executive Phillip Murphy pleaded guilt Monday in a North Carolina federal court to rigging municipal bond investment bids, while convicted bid-rigger Mark Zaino's sentencing has been delayed yet again in New York.
February 10 -
Consumer credit increased by $18.7 billion, or 7.3%, in December to $3.106 trillion, the Federal Reserve reported Friday.
February 7 -
The Securities and Exchange Commission's fraud case against Miami and its former budget director Michael Boudreaux is on hold pending Boudreaux's appeal of the court's decision to invalidate his effort to claim immunity from the lawsuit.
February 7 -
The Municipal Securities Rulemaking Board unveiled an updated look to its EMMA website Feb. 7, with a focus on improving ease of navigation for new users, the MSRB said.
February 7 -
The Securities and Exchange Commission's muni office will spend the coming months implementing the final municipal advisor rule and reviewing MA rule filings by the Municipal Securities Rulemaking Board, but the commission needs more resources to meet its expanded responsibilities.
February 6 -
Convicted bid-rigger Michael Welty and two co-defendants are moving for a new trial, claiming the government suppressed evidence in the form of an email that could have allowed Welty to challenge some of the government's claims against him.
February 5 -
Puerto RicoCongressional and Treasury sources said Puerto Rico won't get direct financial help in the wake of its downgrade.
February 5 -
Convicted bid-rigger David Rubin should pay more than $11,5 million in restitution to 99 municipal victims who have not been compensated for losses they incurred due to "kickbacks" and depressed interest rates resulting from criminal activity, according to U.S. Justice Department filings with a federal court this week.
February 4 -
WASHINGTON The Municipal Securities Rulemaking Board has decided to propose an explicit best execution rule for dealers in the municipal market, MSRB officials said Tuesday, calling it "a very significant development for the municipal market."
February 4 -
The Securities and Exchange Commission will spend the next few years acting on the recommendations in its 2012 municipal market report as well as strengthening muni advisor oversight, according to the SEC's draft strategic plan released Monday.
February 3 -
The growth of shipping fleets is outstripping demand, leading Moody's Investors Service analysts to slap a negative outlook on U.S. ports for the next 18 months.
January 31 -
Dealer groups told issuer officials Jan. 30 that they have many unanswered questions under the Securities and Exchange Commission's registration rule, as broker-dealers work to keep municipalities informed about their efforts to comply with the rule before its July 1 effective date.
January 31
