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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Securities and Exchange Commission Officials confirmed Wednesday that the SEC's office of enforcement will carry the responsibility of overseeing all of the more than 1,100 registered municipal advisors
January 22 -
The Municipal Securities Rulemaking Board will discuss drafts of rules creating a best execution standard for broker-dealers and establishing supervisory requirements for municipal advisors during its next meeting Jan. 29-31 in Atlanta.
January 22 -
Municipal bankruptcy expert James Spiotto is proposing the idea of public pension authorities to resolve pension issues.
January 21 -
Two recent solicitations for financial advisors in Orlando and Los Angeles illustrate the tensions between dealer and non-dealer advisors, as the Securities and Exchange Commission and Municipal Securities Rulemaking Board begin to put in place a regulatory scheme to create a level playing field between the two.
January 17 - Washington
Moody's Investors Service has placed 256 local government general obligation ratings on review, some for upgrade and some for downgrade, after updating the methodology it uses to evaluate those bonds.
January 16 -
The Financial Industry Regulatory Authority has fined four firms a total of $290,000 for violations of municipal securities rules, including E. J. De La Rosa & Co., which was hit with a $200,000 fine for improperly using bond proceeds to reimburse itself for payments to a lobbying group.
January 15 -
The National Federation of Municipal Analysts has issued a white paper describing best disclosure practices in the primary market, recommending more "plain English" offering documents, clear descriptions of security for bonds, and details about key investment risks.
January 14 -
Dealer groups are warning the MSRB that a proposal to require an hour of annual muni training for their staffs could actually result in less efficient training and could be confusing, in addition to raising compliance burdens.
January 14 -
The Securities and Exchange Commission announced Monday that compliance with the final municipal advisor registration rules will not be required until July 1, the date on which the first set of municipal advisors will be required to register under the final rules.
January 13 -
Sentencing for convicted bid-rigger David Rubin has been pushed back until Feb. 3 and for Mark Zaino until Feb. 11, while Alexander Wright received a light sentence and James Hertz only had to pay $300 in fees.
January 13 -
The Securities and Exchange Commission's municipal securities office added another attorney advisor to its ranks when former McGuireWoods LLP lawyer Cori Shepherd joined in December.
January 13 -
The Securities and Exchange Commission on Friday released long-awaited guidance on its municipal advisor registration rule, less than one business day before the rule becomes effective.
January 10 -
The Municipal Securities Rulemaking Board on Thursday released a new draft rule that would govern the conduct of municipal advisors, alarming broker-dealers who fear a prohibition on business outside of an advisory relationship with an issuer could push dealer-affiliated MAs out of the market.
January 9 -
The Municipal Securities Rulemaking Board has released a new draft rules governing the conduct of municipal advisors, and is requesting comment on whether it should extend a fiduciary duty standard to cover all clients of municipal advisors rather than municipal entity clients exclusively.
January 9 -
Two groups are asking the Securities and Exchange Commission to delay the municipal advisor rule compliance deadline until July 1 for asset managers who manage swaps or securities-based swaps in the portfolios of their municipal clients. They also asked for an exemption from the rule.
January 8 -
The Municipal Securities Rulemaking Board's revenue fell 2% in fiscal year 2013 from the previous year, due to decreases in revenue from both underwriting fees and fines for rule violations, according to data included in the self-regulatory organization's annual report.
January 8 -
The Depository Trust Co. has submitted to the Securities and Exchange Commission a flat fee increase for multi-CUSIP municipal bond transactions, rather than the higher per-CUSIP fees it discussed earlier that riled market groups.
January 7 -
The National Federation of Municipal Analysts announced Susan Dushock as its new chairman and other new board of governors officers for 2014 on Monday.
January 6 -
The Municipal Securities Rulemaking Board is seeking applications to fill seven spots that become available Oct. 1.
January 6 -
The Securities Industry and Financial Markets Association is very concerned about the imminent effective date of the new municipal advisor rule.
January 3
