Sarah Wynn

Securities lawyers and the trade group for municipal advisors agree unregistered muni advisors shouldn't still be ignorant of the law.

Irene Carroll and her company, Funding the Gap LLC, settled with the SEC Friday for not registering as municipal advisors. The SEC said Caroll knew she provided similar services as an MA.

The Municipal Securities Rulemaking Board's David Hodapp said an MA's fiduciary duty to an issuer trumps fair dealing obligations to investors.

From June to July, not many municipal advisors relied on the SEC's temporary exemption and some sources say they don't expect it to be heavily used.

Eliseo Sampayo was fined $20,000, half of which will go to the Municipal Securities Rulemaking Board for violating its rules.

Rep. Rashida Tlaib, D-Mich., said the Municipal Liquidity Facility is not flexible enough for states and local governments.

The settlement in which Roosevelt & Cross, Inc. agreed to pay $1 million is part of a now more than two-year crackdown on "flipping" arrangements.

During a Congressional Oversight Commission hearing, the Fed's Kent Hiteshew said the MLF is working as is, despite having made loans to only two issuers.

Kelly Mitchell wants to solidify existing NAST initiatives in the coming year, such as expanding 529 college savings plans.

Former Rep. Joe Crowley, D- NY., said fellow Democrats need to get on board with using public-private partnerships as a way to pay for infrastructure.

During the kickoff for the United for Infrastructure week, Sen. John Barrasso, R-Wyo., said he supported a one -year extension of current federal surface transportation funding.

The action shows the SEC's focus on the often risky charter school sector.

Sources say lawmakers want to know why the Municipal Liquidity Facility has only been used by two issuers.

Guam Gov. Lourdes Leon Guerrero told lawmakers she wants the island territory to be eligible for the Fed’s Municipal Liquidity Facility.

Currently, the maximum maturity period for bonds under the MLF is 36 months, up from 24 months when the program was first created in April.

Groups say a year-long extension of the current surface transportation law would bolster market certainty in 2021.

Regulators found Stifel effected 56 pairs of pre-arranged transactions and the firm did not have a supervisory system reasonably designed to catch that activity.

Both the American Association of State Highway and Transportation Officials and the American Road and Transportation Builders Association among other groups plan to ask Congress to extend existing highway funding for a year.

Adie Tomer, a fellow at the Metropolitan Policy Program at the Brookings Institution, talks with Sarah Wynn on the hopes for a future infrastructure bill and what form it could take before and after the November elections. (19 minutes)

Without how long the pandemic will last, but knowing revenues will fall, county officials are forced to figure out ways to save money.