WASHINGTON - The Regional Bond Dealers Association yesterday announced that it has formed a new committee that will focus on policy, business and market issues in the retail fixed-income market.
Members expect the committee to work on such issues as trade reporting, electronic trading platforms, Financial Industry Regulatory Authority audits and suitability questions involving retail customers.
The committee will be chaired by Craig Noble, a managing director at Wells Fargo Advisors, where he is head of the retail fixed-income group. Eve Skibicki, first vice president of retail-fixed income trading at Raymond James & Associates Inc., will serve as the committee's vice chair.
"I'm delighted to be part of this new committee which will provide a forum for professional collaboration, networking and problem-solving on the important issues facing dealers and the market as a whole," Noble said in a statement.
Since its creation last year, the RBDA has formed several committees, including a municipal bond committee, a taxable bond committee, and a fixed-income technology and operations committee. TheWashington-based trade group has also boosted its membership from 14 to 26 firms.
"As part of the RBDA's continued expansion and representation of domestic fixed-income markets, we are forming new committees in line with major sectors such as the municipal and taxable bond markets, as well as operations and technology," said co-chief executive officer Mike Nicholas. "The retail fixed-income market is extremely important to our members and it made a lot of sense to formally launch a committee to stay on top of issues as they arise in the market."