SEC

The Securities and Exchange Commission wll work with the market to change secondary disclosure habits without a mandate, issuers and analysts said.

Nicole Byrd, a senior investment professional at Nationwide Mutual Insurance, will be the National Federation of Municipal Analysts chair for the next year.

Buy side analysts are skeptical about broker-dealer concerns that the order could greatly expand the private placement market.

The board will, among other things, review comments on a proposed order that would allow municipal advisors to participate in some private placement activities.

An SEC advisory committee recommended allowing investment advisers affiliated with broker-dealers to offer and sell negotiated new issue muni bonds during the order period that the dealer also participates in.

Dealer groups want the SEC to examine broker-dealers and municipal advisors equally.

In the wake of the recent U.S. attack on an Iranian general, U.S. financial institutions are preparing to defend against potential cyberattacks.

The Lincoln-Way high school district won a Moody's upgrade to Baa2 ahead of a $23 million refinancing deal.

The Securities and Exchange Commission plans to focus on protecting Main Street investors in municipal bonds.

The investigation appears to be linked to the supervision of Deborah Kelley, a broker who was convicted and sanctioned for bribing a state pension fund officer.