Financial regulations

Market participants want the Municipal Securities Rulemaking Board's compliance guidance to be clear and within the scope of its authority.

The Senate Banking Committee had approved Powell already in December, but a revote was necessary after the Senate adjourned for the year without finalizing his confirmation.

Sen. Elizabeth Warren, D-Mass., was the only member of the Senate Banking Committee to oppose the nomination of Federal Reserve Board Gov. Jerome Powell to lead the central bank.

The SEC's Office of Compliance Inspections and Examinations found municipal advisors had trouble meeting registration, books and records and supervisory requirements.

Several big names in the muni market will be part of a new SEC committee

The Senate invoked cloture to begin the process of confirming Randal Quarles as a governor on the Fed board.

The breach occurred in 2016, but was not publicly addressed by the SEC until Sept. 20.

Lucy Hooper, a member of the MSRB since 2014, will take the helm as chair effective Sunday.

I write in response to the September 14 guest opinion article titled, “Don’t be selective about disclosure,” written by Lynnette Kelly. Though Ms. Kelly raises important issues in her article and we support her stance overall, her facts with respect to PREPA are inaccurately portrayed.

The legislation adds consumer protections and requires more stringent underwriting standards.

The MSRB encourages municipal bond issuers to make information available to all.

SEC rules provide municipal advisors an opportunity strengthen their bonds with issuer clients.

Market participants are unsure what the Municipal Securities Rulemaking Board is after.

The MSRB will also discuss primary offering and MA qualification requirements at its meeting.

The new fee would add one more to a slew of fees dealers already pay to the MSRB.

While EMMA has helped the market, it has not bridged the gap between institutional and retail.

MSRB urges MAs to weigh whether they have duties to both issuers and borrowers in conduit deals.

One CEO raised some concerns about electronic trading that he said regulators should consider.

The plaintiffs had alleged G-37 amendments would restrict the political contributions of municipal advisors.

The MSRB said it may add to its guidance in the future and will hold a seminar with dealers.