Washington DC

Brightline, a high-profile name in the speculative muni market, is set to come to market next week to remarket $675 million of 2020 bonds.

The rulemaking board is prepping for a machine-readable future.

The regulator has charged a former chief compliance officer $15,000 and a firm $100,000 in twp separate enforcement actions.

It's the third short-term spending bill Congress has passed since fiscal 2024 began Oct. 1.

Smaller issuers will find it easier to tell their stories to investors who are looking to customize their portfolios.

The second board meeting of FY 2024 will also see the board mull whether it should modernize its dealer supervision rule.

A bill with House and Senate support would change LIHTC bond requirements

The Municipal Securities Rulemaking Board's 2023 audited financial statement shows the board collected an additional $19 million in revenue as compared with the 2022.

Increasing the costs for banks to hold municipal bonds would be passed down to cities and states in the form of higher financing costs, industry advocates said.

The filing cuts the current 15 minutes standard reporting window down to one minute in what the MSRB describes as an effort to improve transparency.

The firm settled charges with FINRA over failing to include the Non-Transaction Based Compensation indicator for 91,059 reports of municipal securities transactions over a five year period.

The D.C.-area agency, unique among mass transit systems in that it has no dedicated operating funding, faces the same challenges as other transit agencies: fewer riders and federal support.

Roughly 70% of the grants will go to projects in disadvantaged areas.

Insurance companies and banks have collectively reduced their municipal bond holdings by $102 billion, or 10% in just nine months in 2023.

The Senate Budget Committee gave municipal bonds center stage Wednesday.

Republicans are threatening to try to overturn the rule through the Congressional Review Act.

The Governmental Accounting Standards Board's new disclosure requirements focus on concentrations and constraints and governments will have to comply by June 15, 2024.

House Republicans want 2024 appropriations offset with cuts from "COVID-era slush funds."

"It's inevitable there will be spending cuts," said Emily Brock, federal liaison for the Government Finance Officers Association.

Without admitting or denying the findings, David Elgart of Sequoia Investments has agreed to a $20,000 fine and an 18-month suspension from association with any FINRA member firm for acting as an unregistered dealer.