Washington DC

Running up to the midterm elections the group has already spent over $3.5 million

The Municipal Securities Rulemaking Board voted to amend its Rule G-40 on advertising by muni advisors and Rule A-12 on registration during its final board meeting of the year.

Municipal market participants are gaming out post-election scenarios that pose opportunities and risks for budgets and portfolios.  

Opponents say the legislation could prompt issuers to drop out of the public bond market while supporters say investors and regulators deserve standardized financials.

The program received more than 250 applications for $26.5 billion worth of projects across the country.

The SEC has charged Chicago-based broker-dealer Loop Capital with providing advice to a municipal entity without registering as a municipal advisor

Municipal advisor Matthias O'Meara and his firm Choice Advisors' move to dismiss the SEC's first ever charges under MSRB Rule G-42 failed.

The SEC has charged Oppenheimer in a litigated action and settled with BNY Mellon, TD Securities and Jefferies for failing to comply with municipal bond disclosure requirements.

The dispute now includes an appeal over a ruling about documents not returned after a FOIA request.

Removing the passenger facility charge cap of $4.50 would provide airports with more flexible and consistent funding options to help them become more self-reliant, a Reason Foundation study said.