FINRA

The proposal would establish a standalone rule governing transactions in discretionary accounts, something the board hasn't had in more than 30 years.

FINRA found that Gates Capital and three of its employees breached several MSRB rules, some related to role-switching from advisor to underwriter on the same transaction.

The MSRB said its proposals should be approved, despite objections from dealers and municipal advisors.

Lombard Securities and McDonald Partners agreed to pay fines after FINRA examiners found various violations of MSRB rules, including supervisory failures and trade reporting deficiencies.

MSRB publishes a resource document after deciding not to take regulatory action on minimum denominations.

The Bond Dealers of America is proposing a multi-faceted "business plan" that would give dealers more time to comply with a rule requiring them to disclose their markups and markdowns to retail customers.

MA and broker-dealer compliance with relatively new rules, as well as the MSRB and FINRA, will be in the spotlight.

The sanctions involved eight transactions of Alaska bonds issued in 2015 and FINRA found the firm had inadequate supervisory procedures.

SIFMA is urging the MSRB to be more forthcoming in providing interpretive guidance to dealers and other regulated entities.

Three firms and an individual were fined a total of $187,500 for a range of rule violations related to the use of alternative trading systems, spending during rating agency trips, unsuitable trading, and untimely reporting of munis.

Best execution, suitability, and other areas of concern for the municipal as well as corporate markets are among FINRA regulatory and exam priorities for 2018.

The Board said "filtering" bids and offers can hurt retail investors, liquidity, and market efficiency.

The SEC's muni enforcement focus in 2018 will include offering and disclosure-related fraud, broker-dealer abuses, municipal advisor misconduct, public corruption, and pay-to-play practices.

FINRA said Philip Fluegge violated its rules when he sold shares in municipal fund securities.

Mehran Tazhibi agreed to pay a $10,000 fine and be suspended for two months.

Muni market participants may not be ready in time to implement a pending markup disclosure rule on which regulators place huge importance.

Ameriprise Financial Services, Cabrera Capital Markets, R. Seelaus & Co., Performance Trust Capital Partners, and Murray Sinclaire of Ross Sinclaire & Associates signed settlement agreements.

FINRA dings firms for failing to report muni trades, trading below minimum denominations.

A compliance outreach program for municipal advisors is to be held on Nov. 8 by three regulators.

NFS failed to follow underwriter instructions; Corecap failed to report transactions.