Far West

WASHINGTON — The Internal ­Revenue Service is seeking public comment on existing regulations that outline how bond attorneys should practice ­before it.

WASHINGTON — Despite a renewed push this month for a national infrastructure bank, market participants are at odds over such basic issues as how it would be funded and structured and what projects should receive its help.

WASHINGTON — The Metropolitan Washington Airports Authority is considering options to trim the new $3.83 billion estimated cost of the Metrorail extension project’s second phase in order to reduce the amount of debt that will be needed.

WASHINGTON — Michael Bartolotta, vice chairman of First Southwest Co., a dealer financial advisory and underwriting firm, has been elected the new chairman of the Municipal Securities Rulemaking Board beginning Oct. 1, drawing concerns from non-dealer advisers that will fall under the board’s regulatory regime at the start of his term.

SAN DIEGO — The future of toll roads in California lies largely in managed lane projects, according to participants at a conference here this week.

WASHINGTON — Senate Finance Committee chairman Max Baucus on Thursday proposed to extend the Build America Bonds program for only one year in legislation he unveiled that would extend several expiring or expired bond and tax provisions.

A high-ranking Securities and Exchange Commission ­enforcement official warned Tuesday that issuers risk running afoul of the federal securities laws if they hide materially important information deep within bond-offering documents.

The Municipal Securities Rulemaking Board issued a notice Wednesday making clear that it will not begin registration and rulemaking activities for non-dealer municipal advisers until after Oct. 1, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The Financial Industry Regulatory Authority has fined UBS Financial Services Inc., Wells Fargo Securities LLC, and two other firms a total of $50,500 for violating municipal trade, pricing and supervisory rules.

SAN FRANCISCO — The San Diego County Regional Airport Authority will sell $417 million of subordinate-lien bonds next week to fund part of a $1.4 billion overhaul at San Diego International Airport.