Washington DC

At an SEC Fixed Income Market Structure Committee meeting on Monday, participants suggested giving out awards to incentivize issuers to submit timely financial information.

The federal government has been operating on a stopgap budget since the Oct. 1 start of the fiscal year but President Trump has declined to give any assurance he will agree to another one past Nov. 21.

As the House of Representatives votes to approve next steps in President Donald Trump's impeachment inquiry, the muni market considers the possible impact.

Muni bankruptcy expert James Spiotto told lawmakers that replacing debt restructuring with debt cancellation has no rationale or justification.

The committee's discussion will begin with a municipal issuers’ structured disclosures discussion, featuring issuers, regulators, and others.

Dealer groups believe that some sections of the proposed amended guidance such as complex financing and disclosure standards would add complexity to the rule.

Although the funding would not directly fund capital projects that are financed by bond issuances, the money would provide a new level of assurance for port authorities that projects which are fundamental to their continued operation will be completed expeditiously.

Baker McKenzie created a new group to integrate regulation and enforcement in a move to align with the Securities and Exchange Commission's practices.

Nearly two in three finance officers in large cities predict a recession in the next year or two.

The proposed settlement, filed in federal district court in New York late last week, would bring to a close the SEC’s case against Navnoor Kang, Deborah Kelley and Gregg Schonhorn.

The Municipal Securities Rulemaking Board plans a review after pressure from Sens. John Kennedy and Elizabeth Warren to change the makeup of its membership.

In the SEC inquiry, along with a separate FAA investigation, regulators are trying to determine if airport revenues were misspent.

S&P Global reports state HFAs are maintaining high ratings this year, “buoyed by demand for affordable housing and mortgages, low interest rates, relatively low unemployment, increasing wages, and the overall strong domestic economy.”

The expiration of a federal highway bill could provide a catalyst for expanding bonds, according to former Senate Finance Committee tax counsel, Ryan Abraham.

The proposal is highly doubtful to become law in the coming months given the limited number of days Congress will be in session the remainder of the year.

Municipal market participants got some comfort about their fraud liability if they act in good faith on interim financial disclosures.

After getting national attention for allegedly swindling millions from a disabled billionaire client, brokers Ami Forte and Charles Lawrence have been barred from the industry.

The Idaho audit involved $1.485 million general obligation bonds issued with a taxable direct-pay federal subsidy under the Qualified School Construction Bonds program.

Issuers will be looking to see what Securities and Exchange Commission Chair Jay Clayton says about disclosure.

Two board members said an effort in congress to shift responsibility for the commonwealth's infrastructure revitalization is ill timed.