Kyle Glazier

The MSRB's controversial commentary about selective disclosure got some support from a top SEC official on Wednesday.

The muni market officially got much of what it has spent years fighting for on Thursday, when President Trump signed the banking bill that makes tradable, investment grade municipal securities high-quality liquid assets under federal banking rules.

Muni market groups got a long-awaited win when the House passed banking legislation classifying certain munis as high-quality liquid assets, even if it wasn't as big a win as hoped.

Early returns indicate there have been some problems but firms seem to be working through them in complying with the new markup rules, regulators and industry officials said Tuesday.

Rising short-term rates and a lower corporate tax rate have already pushed some municipal issuers out of bank loans and back into the traditional muni space, analysts said.

The National Federation of Municipal Analysts is concerned that a district court ruling on Puerto Rico highway bonds could be a landmark change for the worse when it comes to how investors view revenue bonds.

Bruising political fights over Obamacare and tax reform may have killed the chances for Trump's infrastructure plan, leaving state and local governments to lead the way.

The proposal would establish a standalone rule governing transactions in discretionary accounts, something the board hasn't had in more than 30 years.

The U.S. infrastructure system looks remarkably backwards to many international eyes, and threatens the economy in the long run, experts said on Wednesday.

Transportation lobbyists and researchers discussing surface transportation finance during an Infrastructure Week webcast were unanimous in saying that Congress should lift the general prohibition on tolling interstate highways.

New Jersey, Pennsylvania, and other states are hoping to capitalize on gaming legalized by the Supreme Court's decision on Monday.

A deal struck between House and Senate leaders could lead to a vote as soon as next week on a banking bill that would classify munis as high-quality liquid assets and make them more attractive investments for banks.

FINRA found that Gates Capital and three of its employees breached several MSRB rules, some related to role-switching from advisor to underwriter on the same transaction.

A muni advisor and his firm defrauded a school district in south Texas, lying to it to gain business and failing to disclose a conflict of interest.

The MSRB said its newly-approved rules are an important part of its regulatory efforts, while groups representing dealers and MAs are say they are confusing and need clarification.

Jessica Kane's appointment as director of the Office of Credit Ratings suggests that Rebecca Olsen could remain acting or become permanent chief of the Office of Municipal Securities.

Build America Mutual's Les Richmond said that state and local governments might want to consider their disclosure obligations in the light of the more robust risk assessments they'll soon begin getting from their actuaries.

The Securities Industry and Financial Markets Association's newest model documents incorporate months of experience with the year-old issue price regulations, which most issuers think are working well.

Issuers and the MSRB are mostly on the same page about primary offering practices that may warrant scrutiny, but some members of the GFOA's debt committee are concerned about "regulatory creep."

A federal judge found that a former UBS "banking champion" broke the law when he advised customers to use lines of credit to invest in risky closed-end bond funds.