Washington DC

The CARES Act gives the Federal Reserve and Treasury up to 10 days to begin purchasing municipal securities in the secondary market.

So far there have been over 200 COVID-19-related disclosures, according to Diver by Lumesis, a financial technology company.

Of $10 billion allocated in the CARES Act, public airports can use $7.4 billion for any lawful purpose, including the payment of debt service.

NABL suggested that the federal government be allowed to purchase new issues of tax-exempt bonds.

The group is charged with advising MSRB board members on ways to improve EMMA.

Speaker Nancy Pelosi, D-Calif., said the next package will make up for shortcomings that haven’t been addressed such as the insufficient aid to state and local governments.

The longtime muni banker and former Treasury official adds serious muscle to the Fed's municipal securities expertise.

"Like all businesses, we are operating in a period of uncertainty which may last several months," Virgin Trains/Brightline President Patrick Goddard said.

Speaker Nancy Pelosi, D-Calif., pledged Thursday the massive spending bill would pass on a voice vote even though some objections were expected during a Friday morning vote.

Morgan Stanley, Ameritas Investment Company LLC and a former Stifel broker agreed this week to pay the fines for violating multiple muni securities rules.

In the MSRB’s first report showing data from March 24, trades topped 87,215, which is likely a record, said Marcelo Vieira, MSRB director of research.

Overall $274.231 billion of the coronavirus emergency supplemental appropriations package goes to state and local governments and communities.

First Manhattan Co. bought municipal securities from an unaffiliated dealer without making a reasonable effort to obtain fair and reasonable prices, FINRA said.

Public finance advocates said the Senate bill has been broadened to authorize the Federal Reserve to purchase all types of bonds that are sold on the secondary market.

The short-term funding for airports and transit agencies in stimulus bills won’t be a substitute for the stability of long term financing.

New York MTA and 10 other transit systems have cited the crippling effects of ridership drops due to COVID-19.

Senate Democrats voted as a bloc Sunday evening to stop consideration of an estimated $1.6 trillion relief package because of its perceived shortcomings, including the lack of provisions to assist state and local governments.

The draft released Senate Republicans did not address emergency funding for state and local governments or publicly owned hospitals and airports.

The SEC answered questions regarding COVID-19 disclosure in a webinar Thursday and said there would not be relief for issuers' late annual financial filings.

A coalition of healthcare industry organizations is asking for $100 billion in direct federal help, warning that the survival of some hospitals is at stake.