BDA

Broker-dealers can avoid fines if they self-report 529 savings plan supervisory violations by April 1.

Dealers want to change some of the language in the Municipal Securities Rulemaking Board Rule G-17 interpretive guidance.

The SEC has signaled a focus on pay-to-play and disclosure fraud.

Muni regulators are expected to slow the pace of new rulemaking and focus on enforcement in 2019, with an emphasis on continuing disclosure.

Republican Rep. Randy Hultgren co-founded the group in March 2016 with Rep. Dutch Ruppersberger of Maryland, who will continue as the Democratic co-chair.

SIFMA and BDA responded to the MSRB's request for comment on muni indices and benchmarks, and transparency was a major theme.

The lame duck session of Congress that convened this week may include passage of a tax bill released Monday night by Rep. Kevin Brady, R-Texas, the outgoing chairman of the House Ways and Means Committee.

Distinguishing abusive `pennying' from less insidious behavior is key, dealers told the MSRB.

The board stands by its chief economist's conclusions after criticism from the Bond Dealers of America.

The MSRB should tread carefully in basing future research or rulemaking on its July study of secondary market spreads, BDA said.