Washington DC

BNY Mellon Capital Markets failed to submit accurate minimum denomination and maximum interest rate information 54,270 times, FINRA found.

The changes could affect up to 20% of the 3,000 districts that Moody’s rates by one notch.

Vaudt knew he wanted a career in accounting when he took a bookkeeping course as a high school student in Iowa.

Days before the SEC's regulation best interest goes into place, the SEC approved corresponding changes to muni securities rules.

Rep. French Hill, R-Ark., said the SEC's temporary relief for MAs to facilitate some private placement deals without registering as a broker-dealer should not have been created through exemptive relief.

At least nine states have enacted across-the-board budget cuts in response to the sudden revenue shortfalls caused by the economic shutdown resulting from stay-at-home orders.

Protecting the tax-exempt status of municipal bonds and reviving Build America Bonds are priorities for the New Partnership on Infrastructure.

State auditors will continue to be represented on the Governmental Accounting Standards Board after Chairman David Vaudt ends his term June 30 although not as the chairman.

Municipal market participants assume there will be more volatility in the market in the months to come and that the federal government may need to up the ante on some of its current programs.

Municipalities tend to face challenges when calculating their net investment and capital asset calculations, accountants found.

The National League of Cities and other groups such as Moody’s Analytics are warning that a nationwide economic recovery will be at risk of stalling if Congress fails to provide more aid.

Highlights of a House Democrat legislative package include a new series of taxable direct-pay bonds that would start with a federal 42% subsidy for interest expenses.

Lawyers say there could be some nuanced changes on how the SEC approaches enforcement if Clayton does leave for the U.S. Attorney job.

The House's Invest In America Act is part of a larger infrastructure package that includes sought-after bond provisions.

Besides navigating coronavirus market disruption, investors also find themselves dealing with the increasingly important and often inconsistent climate risk disclosure.

The Senate minority leader told advocates to lean on 21 key Republicans. "Everyone has friends and family in other states," he said.

The Move America Forward Act would permanently reinstate Build America Bonds, advance refundings and expand the issuance of private activity bonds.

Social distancing has some issuer officials questioning how much government infrastructure they need.

Jerome Powell agreed with senators who said the slow pace of economic growth following the Great Recession was partly due to spending cuts made by state and local governments.

Primary market COVID-19 disclosures increased to 2,926 filings from 2,529 the week prior. Continuing disclosures increased to 6,107 filings from 5,677.