MSRB

"We are on the cusp of major changes in how the municipal securities market operates," Dave Sanchez, director of the Securities and Exchange Commission's Office of Municipal Securities, said last week.

Former WMATA CFO Yetunde Olumide has joined the MSRB as its chief financial officer.

"Compliance should never feel like a game of gotcha," SEC Chairman Paul Atkins said.

"I was disappointed that it didn't go further," said Peg Henry, who launched a municipal securities legal consulting and expert witness services business last year.

The RFC asks a number of questions about the dealer supervisory rule.

"BNY is pleased to have resolved this matter," a BNY spokesperson said.

"I don't think this topic is necessarily gaining traction as an enforcement matter," said Andrew Kintzinger, counsel at Hunton Andrews Kurth LLP.

"We are pleased to resolve this matter," Wells Fargo said in a statement.

Average trade size continued to decline in 2025, "consistent with a market that is becoming increasingly more electronic," the MSRB said.

"The new office will be smaller, more efficient, and right sized for our future needs," an MSRB spokesperson said.

BDA's Decker hopeful that the "sensible regulation" trend will continue. 

The approved rates will go into effect on Jan. 1.

The compliance outreach program for municipal advisors and dealers, will be hosted jointly by the SEC, MSRB and FINRA.

"We sued to take a stand against the SROs on principle," an ASA spokesperson said Wednesday in a reference to both the MSRB and FINRA.

"Ultimately, this report is essential because member firm compliance protects investors and safeguards the integrity of our markets," FINRA's Greg Ruppert said.

C. Christopher Trower was the lead attorney before the Supreme Court in a case that upheld states' rights to preferential tax treatment of their own bonds.

"The Nominating Committee's goal is to achieve broad representation of the municipal securities market on the MSRB Board of Directors," the committee's chair said.

The $16,250 was part of a $150,000 total fine Wedbush agreed to pay to settle FINRA allegations.

The MSRB plans to issue the request for comment regarding MSRB Rule D-15 "within the next week or so."

"BDA supports the proposal and we encourage the commission to approve it," its letter said.