
Sarah Wynn covers securities and infrastructure for the Washington bureau.
Sarah Wynn covers securities and infrastructure for the Washington bureau.
Missing minimum denomination and interest rate information for VRDOs affected about 57 CUSIPs, FINRA found.
The maximum allowable issuance under the SEC's temporary exemption is $20 million.
The American Securities Association's new member program will increase its membership to 71 members from 21.
Analysts say closer to 100% of issuers should be disclosing COVID-19 impacts, when in actuality, that number is much lower.
During a Fixed Income Market Structure Advisory Committee meeting Monday, members said they anticipate volatility as issuers await word on future stimulus, vaccines for COVID-19 and try to figure out what to disclose to investors.
The Fixed Income Market Structure Advisory Committee will discuss the impacts of the pandemic on the muni market amid growing uncertainty.
The low interest rates that resulted from COVID-19 caused high levels of muni issuance and market activity, resulting in MSRB's fiscal year 2021 revenue significantly outperforming.
Market participants say the year long process to find a new leader for the Municipal Securities Rulemaing Board resulted in a good pick.
If changes are made to regulating alternative trading systems, it would be the biggest change to the regulation of fixed income trading platforms since 1998.
Kim, currently the MSRB's chief operating officer, will assume the post Thursday.