BDA

Some market participants worry about the viability of a key muni advocacy talking point if enough midsize issuers begin to embrace the taxable market.

Dealer groups believe that some sections of the proposed amended guidance such as complex financing and disclosure standards would add complexity to the rule.

The Bond Dealers of America is forming an Affiliate Member Division to bring a lobbyist voice to smaller firms.

Issuers and non-dealer muni advisors support the existing prohibition, while dealers asked the MSRB to provide some flexibility.

Market participants want someone with a deep industry knowledge as the MSRB is set to begin its search for a new president.

The evolution of muni advocacy has been in progression for years, though it was further galvanized by the shock and dismay at the 2017 tax reform.

Her announcement comes at a time of scrutiny from lawmakers and the SEC.

The Chicago-based firm adds to the dealer group's voice as it pushes for muni policy measures that have been stalled for years.

In late May, the MSRB enhanced its search functionality on its Electronic Municipal Market Access site (EMMA) by implementing an algorithm that allows for predictive searching.

Some stakeholders say the CUSIP requirement for MAs is needed, while other say it is burdensome.