MSRB

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.

"Over the next fiscal year, I look forward to collaborating with MSRB Board members from across our industry, and the nation," Board Chair Natasha Holiday said.

"I would say don't be afraid to pick up the phone and talk to investors directly," Nuveen's Molly Shellhorn said.

"Bond by bond, project by project the muni market has helped to build the spaces and places where American life unfolds," SEC Chairman Paul Atkins said in a speech delivered at the MSRB's 50th Anniversary Celebration Tuesday evening.

The attackers did not steal any data, but the firm had to rebuild its servers to get back into operation, said Albert Rodriguez, a manager at ImageMaster.

Interactive Brokers said it "promptly addressed the issue that gave rise to the settlement."

The board also said it plans to return more than $23 million in surplus operating reserves to the municipal bond industry.

"I think, overwhelmingly, all of our market participants are wanting the same thing and that's really a thriving municipal market," Holiday said.

Serving on MSRB's Board of Directors over the past four years has been a privilege and an honor.