
Sarah Wynn covers securities and infrastructure for the Washington bureau.
Sarah Wynn covers securities and infrastructure for the Washington bureau.
The shift was due mainly to the growth of separately managed accounts and other alternative ways that retail investors get involved in the market.
Senate Majority Leader Chuck Schumer and Sen. Bernie Sanders want a broader infrastructure bill to pass through the reconciliation process while other lawmakers plan a bipartisan push for surface transportation.
The case is significant because so many municipal market participants rely on audited financial statements.
The charges against Ricky Mantei stem from allegations of prearranged trading in violation of his firm's established procedures.
All three phases of Maryland's public-private partnership would make it the largest P3 in the world.
Republican Senators want municipal aid to be more targeted and avoid "bailouts."
The consequences of not passing infrastructure legislation in the next few months may be dire.
Dealer groups say changes to FINRA rules should be cohesive with municipal rules.
Much of the material being retired dates back more than 35 years.
Vaccinations and a strong push for direct aid makes it less likely for the municipal market to need help from the Federal Reserve.