MSRB

The broker did not disclose conflicts of interest and altered documents, FINRA found.

Municipal Securities Rulemaking Board CEO Mark Kim talks about his priorities after recently being named CEO in October, changes to its reduced board size and transparency of the board. Sarah Wynn hosts. (34 minutes)

The Municipal Securities Rulemaking Board consolidated a few positions, eliminating its chief compliance officer role and promoting its CFO.

The MSRB is looking specifically for issuers and non-dealer municipal advisors.

The SEC's Rebecca Olsen said in 2021, the regulator plans to explore ways to get more comment on financial disclosure recommendations.

The MSRB also said it was looking for volunteers for two advisory groups.

Record new issuance in 2020 in the face of dealing with shutdowns, diminishing tax revenues and political unrest shows how resilient the industry is.

The board, at the first quarterly board meeting of its 2021 fiscal year, also voted to split its existing Nominating and Governance Committee into two.

The Municipal Securities Rulemaking Board's new CEO plans to improve the quality of data on its site.

Groups said regulation would not be helpful in encouraging more disclosure.

The board will discuss a long-term strategic plan for the MSRB and the regulatory framework of electronic trading platforms.

Missing minimum denomination and interest rate information for VRDOs affected about 57 CUSIPs, FINRA found.

Analysts say closer to 100% of issuers should be disclosing COVID-19 impacts, when in actuality, that number is much lower.

During a Fixed Income Market Structure Advisory Committee meeting Monday, members said they anticipate volatility as issuers await word on future stimulus, vaccines for COVID-19 and try to figure out what to disclose to investors.

The low interest rates that resulted from COVID-19 caused high levels of muni issuance and market activity, resulting in MSRB's fiscal year 2021 revenue significantly outperforming.

Market participants say the year long process to find a new leader for the Municipal Securities Rulemaing Board resulted in a good pick.

Kim, currently the MSRB's chief operating officer, will assume the post Thursday.

The Municipal Securities Rulemaking Board's David Hodapp said an MA's fiduciary duty to an issuer trumps fair dealing obligations to investors.

The number of COVID-19-related disclosures reached almost 1,200 filings, but not all filings mean municipalities are being directly impacted by the virus.

David Hartley, who died in July at 92, was managing partner of Stone & Youngberg when he retired in 1991.