Far West

The Municipal Securities Rulemaking Board is asking the Securities and Exchange Commission to approve the MSRB's proposal to create baseline standards of professional qualification for municipal advisors.

State and local government groups are urging the House to pass the online sales tax legislation called the Marketplace Fairness Act, after a spokesman for House Speaker John Boehner said the Ohio Republican has problems with the bill and has no intention of moving it forward this year.

Many issuers mulling whether to self-report disclosure violations under a Securities and Exchange Commission initiative will probably weigh their decisions right down to the deadline, and will not see any further guidance from the SEC, a muni law expert told market participants Tuesday.

San Francisco's toll bridge agency is planning to sell $814 million of refunding and revenue bonds next month.

San Diego's five-year financial outlook forecasts revenues to improve modestly from fiscal 2016 to 2020.

The Financial Industry Regulatory Authority has fined three firms $32,500 and expelled another from FINRA membership for violations of municipal securities rules governing pricing, transaction reporting, record keeping, and supervision.

Virginia Transportation Secretary Aubrey Layne says new P3 rules remove the mystery from the selection process.

The Allen Park, Mich., case marks the first time a city official has been charged on the theory that he "controlled" the persons who committed the primary securities law violations, even though he isn't alleged to have participated or even known of the conduct at issue.

A municipal market research firm is urging the Securities and Exchange Commission to conduct a review of its municipal bond disclosure rules to address what it warns are "glaring gaps" in market practices.