Kyle Glazier

Dealer groups are concerned provisions of the Municipal Securities Rulemaking Board's proposed rules on retail order periods could be burdensome, while independent financial advisors say the rules will be almost useless without a definition of "retail."

Existing home sales fell 1.2% to a seasonally adjusted 5.08 million-unit rate in June from a revised 5.14 million pace the previous month, the National Association of Realtors announced Monday.

The Securities and Exchange Commission filed a lawsuit Friday against Miami, Fla. and the city's former budget director, charging them with securities fraud for making faulty disclosures in connection with three 2009 bond offerings totaling $153.5 million.

Pressure is mounting for the Securities and Exchange Commission to complete its rulemaking defining municipal advisors, with congressional aides saying a House panel will likely hold a hearing on potentially preemptive legislation after the August recess.

The Municipal Securities Rulemaking Board, at its quarterly meeting in Boston next week, will consider whether to create a rule to crackdown on front running as well as request comments on applying best execution practices in municipal bond.

The Senate Banking Committee will meet Thursday to vote on whether to recommend the Senate confirm two nominees to the Securities and Exchange Commission.

A Virginia circuit court is preparing to reconsider Fluvanna County's lawsuit against financial advisor Davenport & Co., after the state supreme court rejected the firm's motion for a rehearing of the state Supreme Court's decision to reverse a ruling that had favored it.

The Financial Industry Regulatory Authority fined four firms $106,000 and fined and suspended an individual for municipal securities rule violations.

Retail sales climbed 0.4% to $422.8 billion in June after rising a revised 0.5% in May, originally reported as a 0.6% increase, the Commerce Department reported Monday.

Municipal market participants say two Securities and Exchange Commission nominees, near toward confirmation, could influence both rulemaking and enforcement actions.

A bipartisan, bicameral foursome reintroduced legislation that would authorize $50 billion of tax-credit bonds over six years.

Virginia is continuing its push to be the leading public-private partnership state, opening a bustling travel corridor to private sector involvement a day after a major infrastructure firm announced it has moved its U.S. headquarters to the commonwealth.

The Senate voted a unanimous 100-0 Thursday to confirm Charlotte, N.C., Mayor Anthony Foxx as the new U.S. Secretary of Transportation.

Personal income rose $69.4 billion or 0.5% in May following a revised 0.1% increase in April, the Commerce Department reported Thursday.

Public-private partnership, a financing model that has started to spread across the U.S., may face some challenges as Congress debates limits on the federal role in infrastructure, according to Simon Santiago, leader of Nossaman LLP's east coast infrastructure practice.

Real gross domestic product increased at an annual rate of 1.8% in the first quarter of 2013, according to the final estimate released by the Commerce Department Wednesday.

The American Road and Transportation Builders Alliance will focus on a potentially trend-setting challenge to a prominent Virginia public-private partnership at the group's annual conference July 24-26.

Sales of new single-family houses rose 2.1% to a seasonally adjusted annual rate of 476,000 in May, the Commerce Department reported Tuesday.

New orders for manufactured durable goods rose $8 billion or 3.6% to $231 billion in May, the Commerce Department reported Tuesday.

A Washington, D.C. PACE green energy program completed its first financing, the District Department of the Environment announced.