SEC

An SEC advisory committee heard critics say the muni market is lacking in pre-trade price transparency and that hurts retail investors. But industry officials said MSRB rules have vastly improved muni market transparency.

Two researchers found the Securities and Exchange Commission and Municipal Securities Rulemaking Board had different data on municipal advisor registrants with a number of MAs failing to update SEC filings.

Maine Gov. Paul LePage angered many muni market participants last month with a last-second cancellation of already-priced bonds, but is that the end of the story?

While munis have received scant attention at previous meetings, a discussion of pre-trade transparency is on tap for next week's Fixed Income Market Structure Advisory Committee meeting.

The Financial Industry Regulatory Authority has already barred Jose Ramirez from the securities industry, his lawyer said.

The SEC issued separate administrative orders Monday stripping Malachi Financial Products of its muni advisory registration and barring Porter Bingham from the industry.

Six straight treasurers want SEC chairman Jay Clayton to stay the course on the commission's forced arbitration policy.

Malachi Financial Products Inc. and its principal were charged with violating their fiduciary duty to a city in Mississippi, overcharging the city, and failing to disclose payments received from the underwriter.

The new guidance is just the first of a planned three-part release, which will later cover social media use and the rule's content standards.

Issuer groups urged a Senate Panel to undo a 2014 SEC rule change that required money market funds to use a floating net asset value.