Sarah Wynn

The firm violated municipal advertising and fair dealing rules, the SEC found.

SEC Chair Clayton told Rep. French Hill, R-Ark., late last week that he expects the program to sunset at year's end as scheduled.

Congress is set to pass a major $900 billion relief bill on Monday after getting over a significant hurdle from Senate Republicans seeking to restrict the Federal Reserve’s powers next year.

Multiple news articles, which the SEC did not include, contradict the commission's major reasoning for why a temporary exemption for municipal advisors was needed, SIFMA said.

FINRA announced the settlement this week, in which RBC agreed to a censure while neither admitting nor denying FINRA’s findings that it violated Municipal Securities Rulemaking Board Rule G-27 on supervision. RBC was not fined.

The former South Bend, Indiana mayor understands the needs of state and local governments, though he lacks experience running a large organization.

The SEC said the court should oppose SIFMA's motion to include news articles in the proceedings, saying the group relied on only one rationale.

The number of issuers using a temporary exemption jumped to 101 in October from 35 the previous month.

As co-director of the Enforcement Division, Stephanie Avakian oversaw charges the SEC made against municipal bond “flipping” schemes.

The reoccuring Water Resources Development Act is expected to pass the Senate this month.