MSRB

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

The MSRB is proposing to allow previously qualified muni advisors, who have been out of the profession for two or more years, a one-time exemption from having to requalify by examination.

The MSRB took no concrete actions at its meeting that ended last week, but discussed initiatives important to market participants.

The MSRB's CEO sat down to discuss regulatory developments in 2023, the board's efforts on technology and other topics.

The MSRB's quarterly meeting, set to take place Jan. 25-26, will also include discussion of EMMA modernization efforts and the impacts of the Financial Data Transparency Act.

The Municipal Securities Rulemaking Board's request for comment on amendments to its primary offering disclosure rule garnered just two submissions.

Underwriting fees generated for the board totaled some $7.4 million, an almost 50% drop from the $14.3 million the board received in 2020.

New regulations appear to be highlighting disagreements on major muni market topics.

The board has confirmed his departure from the regulator is imminent

Beginning today, Jessica Giroux steps into her new role as general counsel and head of fixed income policy at the American Securities Association.

The Municipal Securities Rulemaking Board seeks four board members, particularly searching for an investor.

Regulators have ambitious plans for 2023, which include best execution and time of trade proposals.

The regulation would establish a universal standard requiring dealers in any transaction with a customer to use reasonable diligence to get the customer the best price.

The change would give broker dealers, municipal securities dealers and municipal advisors until Jan. 31 to annually affirm the information on Form A-12, among other changes.

The Municipal Securities Rulemaking Board has announced its fifteen-member Compliance Advisory Group for the 2023 fiscal year, which includes eleven women and four men.

While the MSRB's compliance resources are not a rule and it has not been filed with the SEC, one can infer that following the same will be beneficial should the SEC inquire.  

The proposed amendment to Rule G-3 is designed to promote diversity and inclusion in the muni market.

The Municipal Securities Rulemaking Board has filed to extend G-27 relief to give dealers an extra six-month window for remote inspections

The MSRB's latest request for comment has won initial praise from broker-dealer groups.

Watkins has served in a variety of leadership roles on muni associations and is described by colleagues as a tireless advocate for the municipal bond issuing community.