Kyle Glazier

The Securities and Exchange Commission is asking market participants to help it craft a definition of retail money market funds as part of a set of reforms that it proposed Wednesday.

Securities and Exchange Commission members on Wednesday unanimously agreed to propose reforms for money market funds, which muni market participants greeted with mixed reaction.

Panelists at a conference here on Monday warned issuer officials to be wary of dealer contracts that might violate municipal securities rules and to make sure they are using properly registered municipal advisors.

Underwriter disclosure letters required under the Municipal Securities Rulemaking Board's fair dealing rule continue to cause confusion and apprehension among issuers, members of the Government Finance Officer's Association's debt committee said at a meeting on Saturday.

Issuer officials expressed trepidation Saturday about upcoming Securities and Exchange Commission rulemaking and the prospects of SEC bringing more disclosure-based enforcement cases against them.

Personal income dipped $5.6 billion or less than 0.1% in April following a revised 0.3% increase in March, the Commerce Department reported Friday.

Puerto Rico has disclosed that the U.S. Treasury is no longer skimming money from federal grant payments backing the commonwealth's Garvee bonds, a day after Moody's Investors Service placed the debt on notice for possible downgrade.

Real gross domestic product increased at an annual rate of 2.4% in the first quarter of 2013, according to the preliminary estimate released by the Commerce Department Thursday.

In a precedent-setting action, the Securities and Exchange Commission is investigating whether underwriters are fulfilling their obligations to determine if issuers are complying with their continuing disclosure requirements.

In a move showing that Garvees, like Build America Bonds, are subject to the risk of federal offsets, the U.S. government has reduced transportation funds backing Puerto Rico's Garvees to make up for the Commonwealth's failure to pay money owed to a federal agency for river projects.

Barack Obama has nominated two longtime Senate aides to become the next new commissioners at the Securities and Exchange Commission, the White House announced Thursday.

WASHINGTON -- New orders for manufactured durable goods rose $7.2 billion or 3.3% to $222.6 billion in April, the Commerce Department reported Friday.

The Securities and Exchange Commission is hammering home the need for issuers to clean up their internal procedures in a new way, bond lawyers said Thursday, by basing a case on documents not intended for market consumption.

A former investment banker at Goldman, Sachs, & Co. has agreed to pay a $100,000 fine and be barred from the securities industry for five years for his involvement in a pay to play scheme involving a Massachusetts gubernatorial candidate.

Sales of new single-family houses rose 2.3% to a seasonally adjusted annual rate of 454,000 in April, the Commerce Department reported Thursday.

The Securities and Exchange Commission will continue to consider possible enforcement actions over pension and other disclosure failures such as those that occurred in Illinois and Harrisburg, Pa., the SEC's muni office chief said Wednesday.

The Securities and Exchange Commission has charged South Miami, Fla. with defrauding investors by negligently making misstatements and failing to disclose actions it took that jeopardized the tax-exempt status of $12 million of bonds.

Existing home sales rose 0.6% to a seasonally adjusted 4.97 million-unit rate in April, following a revised 4.94 million rate in March, the National Association of Realtors announced Wednesday.

A trio of convicted bid riggers deserve prison terms of more than 16 years as well as hundreds of thousands of dollars in fines when they face a judge in July, according to the government's sentencing recommendations.

Securities and Exchange Commissioner Elisse Walter said Monday that despite great progress made in recent years in the regulation of fixed-income securities markets, secondary market disclosure must improve.