SEC

As Congress grinds through the budget reconciliation, fixed income market experts are eyeballing an uncontrolled national debt while dreading a heavy-handed response from the Treasury bond market.

The law has become no less controversial nearly three years after its passage.

Paul Atkins said he doesn't like regulation by enforcement, a message that broker-dealer groups have spent the last several years longing to hear.

"FINRA has drifted far from its intended purpose," Rep. Lisa McClain said.

Working in the public interest was "very satisfying," the longtime SEC lawyer said.

In a 52 to 44 vote Wednesday, the Senate voted to confirm the nomination of President Trump's pick to lead the SEC.

Mary Simpkins, who joined the SEC's Office of Municipal Securities in November 1997, is retiring.

While the White Lake, Michigan, township hack is the best-known and publicly disclosed cyberattack, there have been others. Some issuers and firms are reluctant to share these experiences publicly.

The American Securities Association in a brief filed in the U.S. Court of Appeals for the Eleventh Circuit said an SEC order should be set aside because the MSRB is unconstitutionally structured.

One California city has found that corralling a joint powers authority isn't easy.