Financial regulations

Walter told The Bond Buyer she has been hearing the same push for transparency since her start at the SEC.

The SEC said that the timeliness of disclosures is a “major challenge” in the secondary market for municipal securities.

The investigation had appeared likely to be tied to a fraud case involving the New York State Common Retirement Fund.

The American Securities Association sent a letter to the SEC regarding the regulator's proposed exemptive order for muni advisors, calling it an "ill-advised effort."

The idea of giving more enforcement powers to the SEC doesn't sit well with issuer officials.

SEC staff stayed consistent with its message that antifraud provisions apply to all public statements made by issuers.

The submission calculator received criticism from issuers and analysts with some saying it isn't ready for "prime time."

The topic of issuer disclosure timing has heated up in recent months, and widened a divide between issuers and analysts.

Paul Daley, managing director of BondWave’s Information Lab, talks about how big data can be made more accessible and valuable to users. He details his examination into a Pacific Gas and Electric bond as a way to illustrate how drilling down into this information can help participants in a fast-moving market. Chip Barnett hosts.

Bond Dealers of America sent the SEC a long list of requests to limit municipal advisors' roles in private placements.

The Municipal Securities Rulemaking Board on Monday detailed plans to reduce its board size and alter its composition.

The Municipal Securities Rulemaking Board has received criticism for the large size of its board and its selection of public board members.

The Securities and Exchange Commission will discuss voluntary disclosure and buy-side perspectives among other topics in March.

The Securities and Exchange Commission wll work with the market to change secondary disclosure habits without a mandate, issuers and analysts said.

Nicole Byrd, a senior investment professional at Nationwide Mutual Insurance, will be the National Federation of Municipal Analysts chair for the next year.

The board will, among other things, review comments on a proposed order that would allow municipal advisors to participate in some private placement activities.

The median time it takes for municipal bond borrowers to complete their annual audits was 156 days for fiscal 2018: equal to the slowest time in the past 11 years.

An SEC advisory committee recommended allowing investment advisers affiliated with broker-dealers to offer and sell negotiated new issue muni bonds during the order period that the dealer also participates in.

Dealer groups want the SEC to examine broker-dealers and municipal advisors equally.

The investigation appears to be linked to the supervision of Deborah Kelley, a broker who was convicted and sanctioned for bribing a state pension fund officer.