MSRB

The MSRB will ask for market feedback on potential interpretive guidance related to a practice the board worries may impair market liquidity.

As the Electronic Municipal Market Access website enters its second decade, look for a series of investor-focused enhancements, including streamlined design and more intuitive navigation.

The Securities and Exchange Commission's decision not to extend the effective date of new markup disclosure requirements is disappointing to dealer groups, which have pushed hard for months for a delay.

A Securities and Exchange Commission proposal that may trigger additional MSRB rulemaking is open for comment, and the MSRB is scheduled to discuss it next week.

Lombard Securities and McDonald Partners agreed to pay fines after FINRA examiners found various violations of MSRB rules, including supervisory failures and trade reporting deficiencies.

Muni market groups told the MSRB that its latest FAQs about municipal advisors need to more clearly integrate existing guidance from both the board and the SEC to avoid creating confusion.

Lanny Schwartz brings varied experience to a new role at the MSRB, including with the derivatives that could be poised to make a comeback because of the prohibition on advance refundings.

An MSRB study gauges the effect exchange-traded funds may have on muni market liquidity, a key question in the minds of some regulators.

An unsealed whistleblower lawsuit accuses eight Wall Street and regional banks and broker-dealers that served as remarketing agents of fraud and collusion in resetting rates for variable rate demand obligations issued by state and local issuers in Illinois.

The MSRB said the paper was prompted in part by the tax law's prohibition on advance refundings and the fact that interest rate swap rules intersect with the board's rules for municipal advisors.

The municipal market appears to be shifting away from its traditional retail-dominated status, which has implications for regulatory policy that's largely aimed at protecting the retail investor.

A newly-published MSRB document is aimed at helping to reign in what the SEC has described as fairly widespread violations occurring at smaller municipal advisory firms.

Some worry that MSRB's late release of an updated set of FAQs on markup disclosure requirements will hinder their meeting the May 14 effective date.

The Municipal Securities Rulemaking Board must conduct a test of its business continuity and disaster recovery plans at least once every 12 months.

MSRB publishes a resource document after deciding not to take regulatory action on minimum denominations.

Analysts have noticed a definite hesitance of issuers to talk to them one-on-one and blame the MSRB's market advisory warning issuers against revealing material information to select investors.

Groups representing both dealer and non-dealer muni advisors are opposed to the MSRB's new rule and rule changes on advertising because they are too dissimilar from FINRA's rules and could be confusing.

As bond lawyers meeting in Phoenix discussed current topics in securities law and enforcement on Thursday, one theme that emerged was the importance of a smart response to SEC inquiries.

The MSRB's annual Fact Book paints a picture of a 2017 muni market that held fairly steady despite tax reform anxiety, with no major declines or drastic shifts in trading activity or trends.

Market participants want the Municipal Securities Rulemaking Board's compliance guidance to be clear and within the scope of its authority.