Sarah Wynn

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.

Some say a case announced yesterday echoed one last year where traders allegedly lied to get priority in their orders for newly-issued bonds.

Funds were restricted to states with populations of less than 100 people per square-mile.

The National Federation of Municipal Analysts's latest paper is part of the group's push to encourage "more robust" secondary market disclosure.

The group sent a letter to the Securities and Exchange Commission this week asking for fair dealing rule guidance to be better tailored to 529 savings plans.

As health risks associated with e-cigarettes have gained attention, some states are trying to deter minors from the product through taxation.

Late last week FINRA sent out a notice reminding its members to register as MAs if they engage in investment-related activity with their clients.

The MSRB wants to work with other regulatory groups to decrease confusion surrounding suitability rules in conjunction with the SEC's new Regulation Best Interest.

Issuers and non-dealer muni advisors support the existing prohibition, while dealers asked the MSRB to provide some flexibility.

Researchers at the Pew Charitable Trusts warn local governments that cannabis revenue flows are uncertain.

Market participants want someone with a deep industry knowledge as the MSRB is set to begin its search for a new president.