Sarah Wynn

Administrative failures or a lack of understanding of the rule may be to blame.

Municipal advisors can begin taking their principal exams in November.

The Securities and Exchange Commission is seeking comment on exemptive relief for municipal advisors in some activities in private placement deals, eliciting fierce resistance from broker-dealer groups.

Issuers look for more options in their private placement deals amid conversation on broker dealers’ and municipal advisors’ roles.

The Financial Industry Regulatory Authority previously sanctioned UBS in 2015 for similar violations.

Ernesto Lanza will be leaving his position at Clark Hill to go to the SEC's Office of Municipal Securities, sources said.

At the SEC's invitation, Bond Dealers of America submitted a proposed framework for an exemptive order aimed at muni advisors on private placement deals.

New MSRB Chair Edward Sisk will start in his new role on Oct. 1.

The Municipal Securities Rulemaking Board is reviewing its size and the composition of its board, and projects an operating deficit for the coming year.

Managing Director, Municipal Research, Janney

Partner, Chapman and Cutler

Bank holdings in municipal securities continue to decline, as retail investors and mutual funds increase their holdings.

Montebello Unified School District allegedly defrauded investors in the sale of $100 million in general obligation bonds.

The New York-based firm mismarked 90% of its municipal securities trades, FINRA found.

As gas taxes seem less plausible as a source of infrastructure funding, many are looking for alternate funding options.

The Municipal Securities Rulemaking Board doubled professional fees for municipal advisors last week.

A new legal bulletin was requested by SEC Chair Jay Clayton after he observed lawyers noting that some platforms put financial disclosure under more scrutiny.

At a bond lawyer conference, lawyers said they've seen increased interest in self-reporting.

This is the second letter BDA has sent to the SEC in the last couple of months opposing any kind of relief for muni advisors involved in private placements.

State and local governments are providing more transit funding than they have before, offsetting some of the ridership woes.