SEC

Some stakeholders say the CUSIP requirement for MAs is needed, while other say it is burdensome.

The financier's lawyers disputed a court-appointed monitor who had criticized him for maintaining an expensive lifestyle while his investors faced losses.

J.W. Korth & Co. was found to have charged excessive markups in 38 sales of municipal securities.

The Securities and Exchange Commission is on the lookout for municipal advisors skirting the Series 50 Exam.

Though some dealers endured a technological headache, the year-old rules have improved transparency without disrupting trading, the MSRB said.

At the National Federation of Municipal Analysts’ annual meeting in Charleston, South Carolina, members asked the board to find ways to open up communications between investors and issuers.

At the National Federation of Municipal Analysts annual conference, panelists discussed the “elephant in the room” — myths about issuer disclosure.

“Brogdon's substantial and ongoing failure to comply with the plan and court orders are egregious and ongoing,” a court-appointed monitor reported.

In a letter sent to the SEC and the Municipal Securities Rulemaking Board late last week, the group said lapses in issuer financial disclosures are unacceptable.

Bond Dealers of America members said they have spent an average of more than $17 million on regulatory costs since the beginning of the 2008 credit crisis.

The MSRB said Rule G-29 doesn't make sense anymore since the rulebook can be accessed online.

The court shouldn't accept banker Peter Cannava's "narrow and cramped view of materiality,” the SEC urged.

Fallback language is expected to be released before year-end by the Alternative Reference Rates Committee convened by the Federal Reserve and ISDA.

The SEC’s Technology and Electronic Trading Subcommittee meets on pennying.

The SEC now has a stronger card to play when pursuing an enforcement case, lawyers said.

Former college official Keith Borge was charged Thursday with defrauding municipal securities investors and concealing the school’s crumbling finances.

A former municipal advisor accused of billing a city thousands of dollars for services it did not receive is now facing criminal fraud charges.

Mid-size issuers may be experiencing the greatest impact, with one municipality even reporting that an underwriter withdrew a bid over a disclosure requirement.

The new amendments would increase transparency and equal access to information, the MSRB said.

Blockchain could benefit the muni market, but receives pushback in an industry historically slow to change.