MSRB

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.

The pandemic presents new challenges to regulators examining municipal advisor firms.

The total number of COVID-19 disclosures reported to EMMA for the week ending Aug. 9 was about 700, down from nearly 1,000 the previous week.

The board re-elected Sisk as MSRB chair amid the pandemic and an ongoing search for a new CEO.

Changes to the MSRB come a year after the proposal of legislation that would decrease the size of the board and increase the cooling off period for public board members.

Dealers are not seeing demand and are therefore not trading inventory this summer, sources say.

Marshall will still keep her position as chief compliance officer as she also takes on the role of interim chief regulatory officer. Lanny Schwartz left his position as chief regulatory officer almost a year ago.

Hilltop was fined a total of $475,000, with $100,000 pertaining to violations of municipal securities rules.

Market participants say issuer coronavirus disclosures have stagnated due to tax season and issuer fears of future legal ramifications.

In a virtual meeting, the board will set its budget, but won't select an incoming class of board members, because of a proposed size change.

The responses to requests for quotes in the secondary market increased almost doubled in 2018 compared to 2015.