Washington

The Bond Dealers of America is urging the Securities and Exchange Commission to crack down on non-dealer municipal advisors acting as unlicensed broker-dealers by assisting municipalities in placing their debt through the direct placement markets.

The District of Columbia Water and Sewer Authority, which garnered attention this summer for its historic century bond issuance, will return to the market with about $350 million of public utility subordinate lien revenue refunding bonds that are likely to price Tuesday.

While finding new revenue sources for highway improvements is indeed a thorny political issue, analysts at Conning feel that the credit quality of the existing bonds remains sound.

The State of Washington sold $934 million of general obligation refunding bonds on Wednesday to garner $137 million in net present value savings.

WASHINGTON — Industrial production rose 1.0% in September, the Federal Reserve reported Thursday.

Delivery of the Official Statement satisfies MSRB Rule G-32 - but not the new Time-of-Trade Disclosure Rule, MSRB Rule G-47.

Washington is planning to sell $765 million of general obligation bonds in a refunding deal on Wednesday.

Former Financial Industry Regulatory Authority vice chairman Stephen Luparello received $5.34 million of total compensation in 2012 — the highest of any of the individuals in The Bond Buyer's annual survey of the compensation levels at 21 industry, self-regulatory, state and local, and muni related groups.

The National Association of Bond Lawyers has renamed its Fundamentals of Municipal Bond Law Seminar scholarship program after the late Frederic "Rick" L. Ballard Jr.

A memorial service for former D.C. Treasurer Lasana Mack will be held Friday morning.

Peter Chan, the architect of the Securities and Exchange Commission's Municipalities Continuing Disclosure Cooperation initiative, will join Morgan, Lewis & Bockius as a partner in the firm's Chicago office, it announced Thursday.

The U.S. District Court for the District of Columbia has dismissed a challenge to the investment advisers pay-to-play rule, ruling that it lacks jurisdiction to hear the case.

Failure by Congress to develop a long-term transportation bill early next year could mean another highway funding crisis in a few months.

The District of Columbia is planning to price roughly $523 million of general obligation bonds next week and “strong demand” is expected both because of improved ratings and the fact that it’s been awhile since D.C. issued long-term, fixed rate GOs, said D.C. Deputy Chief Financial Officer and Treasurer Jeffrey Barnette.

States are having trouble forecasting tax revenue largely because of increasing volatility in their revenues, according to a report released by the Nelson A. Rockefeller Institute of Government on Tuesday.

Securities and Exchange Commission member Michael Piwowar said Tuesday that it isn't clear if implementing a uniform fiduciary standard of conduct for broker-dealers and investment advisers providing personalized investment advice about securities would benefit retail investors.

Bonds issued for a District of Columbia charter school in 2007 have been downgraded to B-minus from B-plus by Standard & Poor's because of pending litigation, the rating agency said Friday.

Washington State University has been authorized to sell up to $16.25 million of revenue bonds for a new health clinic at its Spokane, Wash. campus.

Former District of Columbia Treasurer Lasana Mack was reported missing earlier this month, and a body found in a Maryland park is believed to be his, police said.

Transportation Department doesn't account for how it awards federal TIGER grants, GAO says in new report.