MSRB

The proposed change to a one-minute reporting window will be discussed at the Municipal Securities Rulemaking Board upcoming quarterly meeting.

The rule amendments would create an exemption for previously qualified municipal advisors to forego requalification after a lapse in working for a municipal advisor.

Through proposed SEC regulations, federal grants and cybersecurity insurance, areas of the public finance industry are adjusting to costly and omnipresent cyber threats. 

Jerry Ford returns to fill the slot left open by Jill Jaworski.

Volatility in fixed income prices, which has risen recently, should not be mistaken for a systemic flaw in market structure or be used as a "strawman" to fix the plumbing and functioning of these markets.

The MSRB has received approval from the SEC for its amendments to Rules G-12 on uniform practice and G-15 on confirmation, clearance, and settlement practices.

The amendments make some key rule changes, including on the use of testimonials in municipal advisor advertising.

The Municipal Securities Rulemaking Board is seeking an MA candidate to replace Jill Jaworski as she leaves to become the chief financial officer of the City of Chicago.

The MSRB will request comment on Rule G-12 on inter dealer confirmations and seeks to codify or retire nearly 40 pieces of interpretive guidance related to it.

The MSRB's upcoming board meeting on will focus on time of trade reporting, amendments to Rules G-47 on time of trade disclosures and D-15 on sophisticated municipal market professionals.

The MSRB's proposed amendments to Rule G-47 on time of trade disclosures codifies existing guidance and is being welcomed by dealer groups despite some minor objections.

Comments for the proposal are in and many urge the Commission to drop the proposal it due to the overlap of existing MSRB and FINRA rules.

The amendments seek to align the Rules with the Securities and Exchange Commission's recent approval of T+1 clearing across bond markets.

But the Securities and Exchange Commission's best-execution proposal, largely dismissed as duplicating an existing Financial Industry Regulatory Authority edict, could have wide-ranging implications for trading firms in options, bonds, and crypto securities as well as equities.

The MSRB intends to file proposed amendments to Rule G-12 on uniform practice with the SEC and move forward with draft amendments to Rule G-32 on primary offering disclosures.

The board will be accepting comments on amendments to Rule G-47 until April 17.

The proposed Rule G-46 seeks to clarify certain rules specific to solicitor municipal advisors, a very specific group of professionals.

"I think ESG is here to stay in our market. I think it's a natural fit with the types of infrastructure that our market finances," said MSRB CEO Mark Kim.

The Securities and Exchange Commission's examination priorities for the year include big ticket items like Regulation Best Interest.

The Financial Industry Regulatory Authority found that BNA Wealth didn't meet the regulatory requirements when it sold shares in 529 plans.