MSRB

The number of MSRB-registered dealers has fallen by almost one-third since 2009 and FINRA and the MSRB have some concerns about it.

The municipal securities market is slowly looking more like the stock market.

The pre-trade information available on alternative trading systems to broker-dealer participants would likely benefit all municipal securities investors if made more publicly available, the Municipal Securities Rulemaking Board’s chief economist said in releasing a report Thursday that is to be presented to a market structure advisory group next week.

A muni advisor facing an enforcement action could use a Supreme Court decision on gambling as a defense, a bond lawyer says.

The impact of the 2008 crisis led Congress and the MSRB to reshape many of the ways business is done in the municipal bond market. Part 1 of The Bond Buyer's series on the decade after the financial crisis.

The MSRB needs to better explain the mock advertisements in its compliance resource, a pair of industry groups told the board this week.

The committee tasked with providing insight on the muni and corporate bond markets is meeting again in two weeks.

Key SEC officials responsible for muni rulemaking and enforcement said they don't feel disclosure has been adversely impacted due to fears stoked by the Municipalities Continuing Disclosure Initiative.

The Bond Dealers of America has formed a Fixed Income Market Structure Working Group to advise regulators, lawmakers and market participants on structural changes in the fixed income industry and marketplace.

Gary Hall, who became the new MSRB chair on Monday, says he has a "reverence" for the muni market.

SEC and MSRB officials responded to the concerns and frustrations of bond lawyers who were meeting in Chicago.

SIFMA is publishing a new model document that it says should help underwriters avoid regulatory risk.

The MSRB is hoping that new guidelines will encourage more conversation between its staff and the broker-dealers and muni advisors it regulates.

FINRA examiners alleged Mesirow violated disclosure and supervisory rules.

A Carlsbad, Calif.-based San Diego-based firm, Eric Hall & Associates, is accused of being unregistered when it served as municipal advisor to a school district.

A pilot program for the new Series 54 exam should be available early next year, the MSRB announced.

Where the SEC's Rick Fleming sees potential benefits, broker-dealers see burdensome, duplicative work.

The Municipal Securities Rulemaking Board on Monday released final and draft guidance on issues related to its G-40 advertising rules for municipal advisors.

The disclosure of some variable-rate demand obligation information on EMMA shouldn't be used to dismiss a lawsuit alleging fraud in VRDO remarketing,lawyers for the plaintiff told an Illinois court.

Municipal advisors have a duty of care to their clients that is much more comprehensive, and more demanding.