Financial regulations

"If you are seeking the services of a municipal advisor, it would be helpful to use the term municipal advisor in your RFP/Qs," said Sanchez, director of the SEC's Office of Municipal Securities.

"I think your first question to them should be 'Are you from the future?,'" the deputy director of the SEC's Office of Municipal Securities said.

"The market itself should want to look at this because no one wants to give the perception of impropriety," said an investor of Stefanik's allegation that Harvard withheld material information regarding its ongoing conflict with the Trump administration.

The comments come after SEC asked for feedback on the collection of information in Rule 15c2-12.

Rep. Patrick McHenry, R-N.C., also said implementation of the data standards law may be tricky with the change of administrations.

The increase in the muni market's size, number of novel credits and retail investors suggest it's "finally time" for direct SEC regulation, argue market veterans Kent Hiteshew and David Dubrow.

"It's great people are thinking about creative solutions, but don't forget the rules still apply," said the SEC's Dave Sanchez.

The agencies are overstepping their statutory authority in trying to force the market to adopt a new securities identifier, says the American Bankers Association.

A report by the Securities Industry and Financial Markets Association shows that the move to a T+1 settlement cycle has struck the right balance between increasing efficiencies and mitigating risk.

The state's year-old rules ban broker-dealers and investment advisors from using non-financial criteria in investment strategies.

Local government investment pools remain free from SEC rules

In May, a bipartisan group of lawmakers sent a letter to the federal agencies responsible for the FDTA rulemaking, urging them to stick to the schedule spelled out in the law.

The board's next quarterly meeting, scheduled for July 24-25, will include a review of market regulations, structure, and transparency issues .

The amendments add disclosure scenarios, slightly update the definition of materiality as well as clarify details of supplementary material.

The use of unregistered municipal advisors in the public-private partnership sector can lead to unnecessarily expensive deals for cities and states, said SEC's Dave Sanchez.

Cities and states should carefully review the joint federal proposal and flag anything that may create a market problem, said the SEC's Dave Sanchez.

SIFMA's Leslie Norwood joins Bond Buyer Executive Editor Kyle Glazier for a discussion about the regulatory and legislative outlook for broker-dealers. (17 minutes)

Smaller issuers will find it easier to tell their stories to investors who are looking to customize their portfolios.

Republicans are threatening to try to overturn the rule through the Congressional Review Act.

Bond Buyer Executive Editor Kyle Glazier discusses the coming year in D.C. with Bond Dealers of America's Brett Bolton. (15 minutes)