Washington DC

The SEC is sorting out those charged with engaging in a large multi-year "flipping" and kickback scheme.

SEC Chairman Jay Clayton cited Rebecca Olsen's "deep knowledge of the U.S. municipal bond market" and focus on "integrity and transparency" in naming her director.

Republican Elad Roisman appears to be moving toward confirmation to the SEC without being paired with a Democrat.

The Florida Development Finance Corp. will issue $1.75 billion of bonds for the privately owned passenger train project.

NASBO Executive Director John Hicks said that deposits made to rainy days funds from budget surpluses will likely bring the total to more than $58 billion for fiscal 2018.

The Florida Development Finance Corp. will be asked to be the conduit issuer for $1.75 billion of PABs on behalf of the project's private owners.

The MSRB is making a push to understand muni market indicators.

Wilshire Consulting said the aggregate funded ratio for U.S. state pension plans remained unchanged between and first and second quarters of 2018 at 70.8%, up 0.7 percentage points from the previous 12 months.

The proposed Treasury rules would limit states' use of charitable deductions as workarounds for the $10,000 cap on the federal deduction for state and local taxes.

Legislation pending in both the Senate and House would eliminate private activity bond volume caps for water and sewer projects.

President Trump's nominee Elad Roisman is a step closer to becoming an SEC commissioner.

Muni market groups claimed victory after federal banking regulators moved to treat munis like all other types of Level 2B HQLA.

The now-defunct unregistered broker-dealer Core Performance Management, LLC, and four of its former employees settled fraud and MSRB rule violations with the SEC for engaging in municipal bond flipping and kickback scheme.

A report on cyber-related risks released Wednesday by S&P Global warned that “a successful attack on an entity with limited resources could have a credit impact.”

As the dust settles on the SEC's 15c2-12 announcement, questions loom about how difficult it will be to implement.

The final rules will focus on debt obligations on a similar level as bonds, an effort to respond to comments that the first proposal was too broad.

An estimated $69.1 billion of the $139 billion is already committed through a combination of insurance claims and federal disaster aid.

The cut has dropped from 6.6% in fiscal 2018 and 6.9% in fiscal 2017. The initial sequestration cut in fiscal 2013 was 8.7%.

The MSRB's new FAQs examine an issue on which municipal advisor firms have been seeking guidance for months.

The MSRB aims to provide considerations for firms looking at their compliance procedures.