Washington DC

Market-moving developments should keep Puerto Rico securities very actively traded for months to come.

The SEC and Bank of Oklahoma differ in what they want a federal judge to do next in the Christopher Brogdon case, though both claim to have investors' best interests at heart.

FINRA settled with two parties after they violated MSRB Rule G-17 by whiting out dates and failing to disclose a $2 million fee up until an issuance.

SEC Chair Clayton’s comments that information on EMMA is subject to more scrutiny could be true for some participants depending on issuers’ reliance on the MSRB site.

John Hicks, executive director of NASBO, said the deal provides some certainty to states.

The impact on the territory's bankruptcy reorganization and hurricane reconstruction was in doubt as it remained unclear who will become the next governor.

The complaint filed by Philadelphia and Baltimore fails to rise to the level of specificity needed to prove conspiracy, Wall Street banks told a federal judge.

It's uncertain whether Pedro Pierluisi's nomination to succeed Rossellówill pass the House.

The National Association of Municipal Advisors wants SEC staff action to protect MAs and possible eventual rulemaking to create "regulatory parity" between MAs and broker-dealers.

The committee also unanimously voted Tuesday to reverse a planned $7.6 billion cut in highway spending that’s scheduled to take effect in a year.

The bill won praise from state departments of transportation, which rely on federal funding as they plan major projects that often include tax-exempt financing.

Clayton noted a trend of issuers being advised that information they supply on EMMA is subject to more anti-fraud scrutiny than information provided in other ways.

At its quarterly board meeting last week, the MSRB decided to do away with Rule G-34’s provision that all municipal advisors, whether dealer or non-dealer, have to apply for a CUSIP number in competitive sales.

Fitch Ratings and Moody’s Investors Service issued statements highlighting the short-term positive impact of the deal.

GFOA is putting together a working group to address concerns about continuing disclosure in the municipal market, a topic increasingly discussed among stakeholders.

The bipartisan legislation would increase the bank-qualified cap to $30 million from $10 million, a high priority for several muni market groups.

A growing interest in broadband is drumming up support, though state laws are making it challenging for municipalities to do the deals.

Prominent muni market figures will discuss the content and timeliness of disclosure at an SEC committee meeting next week.

The new letter increases the pressure for federal oversight as the island goes through the long process of rebuilding from the damage caused by Hurricane Maria and reorganizing its debt.

Republican Rep. Tim Burchett of Tennessee touts his bill as “a good example of giving businesses an incentive to lower carbon emissions without forcing it upon them with regulations.”