
Sarah Wynn covers securities and infrastructure for the Washington bureau.

Sarah Wynn covers securities and infrastructure for the Washington bureau.
The SEC said that the timeliness of disclosures is a “major challenge” in the secondary market for municipal securities.
The investigation had appeared likely to be tied to a fraud case involving the New York State Common Retirement Fund.
Analysts expect a drop in trade volume in at least the first two quarters of this year.
The American Securities Association sent a letter to the SEC regarding the regulator's proposed exemptive order for muni advisors, calling it an "ill-advised effort."
The bill would authorize a new grant program at the Department of Homeland Security to take action on cybersecurity at the state and local level.
SEC staff stayed consistent with its message that antifraud provisions apply to all public statements made by issuers.
The submission calculator received criticism from issuers and analysts with some saying it isn't ready for "prime time."
Some muni market members don’t see hope for an infrastructure bill passing in 2020, even though Trump called for it in his address.
Investors should be aware that a lower coupon rate could become illiquid if interest rates rise, the Municipal Securities Rulemaking Board said.
The almost $350 million in bonds would pay for upgrades to the track and proposes the city of Baltimore takes over ownership of Pimlico Race Course.
If demand to fly declines domestically, it may affect airports' credit ratings, analysts say.
Since the Great Recession, many states have almost doubled their reserve levels.
Bond Dealers of America sent the SEC a long list of requests to limit municipal advisors' roles in private placements.
Municipal bond issuers say investors, analysts and regulators should narrow down the information they are looking for in their push for more disclosure.
The Municipal Securities Rulemaking Board on Monday detailed plans to reduce its board size and alter its composition.
The Municipal Securities Rulemaking Board has received criticism for the large size of its board and its selection of public board members.
The Securities and Exchange Commission will discuss voluntary disclosure and buy-side perspectives among other topics in March.
The Securities and Exchange Commission wll work with the market to change secondary disclosure habits without a mandate, issuers and analysts said.
Sources say Hopper has considerable experience with municipal securities in her many years at the Financial Industry Regulatory Authority.
Nicole Byrd, a senior investment professional at Nationwide Mutual Insurance, will be the National Federation of Municipal Analysts chair for the next year.