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States would be barred from starting to require the collection and remittance sales taxes from online vendors located out of state until next year under a bill introduced by two Republicans in the Senate.
By Lynn HumeSeptember 10 -
The top executives of FINRA, the MSRB, and some industry groups received total compensation of more than $1 million, The Bond Buyer’s latest survey of compensation levels at 23 municipal market-related groups shows.
By Lynn HumeSeptember 7 -
The Securities and Exchange Commission has sent letters to the 12 top banks and broker-dealers that remarket variable rate demand obligations, seeking information and documents on their remarketing and rate resetting practices.
By Lynn HumeSeptember 6 -
SEC Chairman Jay Clayton cited Rebecca Olsen's "deep knowledge of the U.S. municipal bond market" and focus on "integrity and transparency" in naming her director.
By Lynn HumeSeptember 4 -
James J. O'Neil received a 12-month suspension from the market for his role in the flipping and kickback scheme.
By Lynn HumeAugust 23 -
Legislation pending in both the Senate and House would eliminate private activity bond volume caps for water and sewer projects.
By Lynn HumeAugust 23 -
The now-defunct unregistered broker-dealer Core Performance Management, LLC, and four of its former employees settled fraud and MSRB rule violations with the SEC for engaging in municipal bond flipping and kickback scheme.
By Lynn HumeAugust 23 -
They are accused of improperly diverting newly issued municipal bonds to certain broker-dealers for a fee at the expense of retail investors.
By Lynn HumeAugust 14 -
The legislation would require local governments in Michigan to sell most bond issues competitively with seven-days public notice.
By Lynn HumeAugust 3 -
The Municipal Securities Rulemaking Board has selected two individuals representing the public and three from regulated entities from 80 applicants to become part of its 21-member board on Oct. 1.
By Lynn HumeAugust 2