SEC

The SEC encouraged issuers to provide investors with forward-looking information as to how the pandemic will affect future finances.

The MSRB is looking to cut back on repetition in its broker-dealer suitability rules, which is a welcome change for the dealer community as Reg BI goes into effect in less than two months.

A federal judge denied the SEC's motion for summary judgement against John Paulsen, setting the stage for a trial.

So far there have been over 200 COVID-19-related disclosures, according to Diver by Lumesis, a financial technology company.

The SEC answered questions regarding COVID-19 disclosure in a webinar Thursday and said there would not be relief for issuers' late annual financial filings.

“Anybody who’s having an event between now and May is considering what to do about it,” said Mike Nicholas, CEO of the Bond Dealers of America.

Congressional offices may decide to minimize or ban face-to-face meetings as virus concerns grow.

Sources say action on the SEC's proposed exemptive order has slowed, though it could garner attention at next week's conference.

The longtime muni lobbyist is now BDA's vice president of policy and research, after having played a less formal role over the past year.

The Illinois attorney general's office is also believed to be looking into the foundation, which issued $170 million of tax-exempt bonds that have defaulted.