SIFMA

If the SEC grants exemptive relief to firms seeking to offer a multi-class structure, "we will see more ETFs of actively managed municipal bond strategies."

The MSRB is looking for industry input regarding proposed rules changes for Rules G-17, G-32 and G-47.

A report by the Securities Industry and Financial Markets Association shows that the move to a T+1 settlement cycle has struck the right balance between increasing efficiencies and mitigating risk.

The state's year-old rules ban broker-dealers and investment advisors from using non-financial criteria in investment strategies.

Wyoming Gov. Mark Gordon, a Republican, recently vetoed anti-ESG legislation similar to Missouri's, saying that it overstepped legal authority.

This volatility can be seen in the whipsawing figures from the SIFMA Municipal Swap Index Yield over the past few months, but in January in particular.

SIFMA's Leslie Norwood joins Bond Buyer Executive Editor Kyle Glazier for a discussion about the regulatory and legislative outlook for broker-dealers. (17 minutes)

A federal judge rejected every one of Missouri's arguments for why SIFMA's lawsuit should be dismissed.

"Under my rule, pension-fund and asset managers are still able to offer ESG products in Missouri," said Missouri Secretary of State John Ashcroft.

The Federal Open Market Committee is scheduled to meet next week with many experts expecting to see a pause in federal fund rate hikes after ten straight upticks.

The industry's biggest lobbying group also said it sees continued threats from regulation.

The MSRB's latest request for comment has won initial praise from broker-dealer groups.

Josh Wilsusen named executive vice president, Advocacy

Should the proposal go forward, the board should provide analysis and evidence as to how such a requirement would benefit the market, dealers said.

Running up to the midterm elections the group has already spent over $3.5 million

Ahmed's appointment comes a few months after longtime SIFMA lawyer Ira Hammerman announced he would leave the job this year.

A key distinction commenters raised is the difference between ESG-related credit risk disclosures and non-credit risk ESG information about the issuer or the bonds.

The proposal may be less feasible for certain types of trades, market participants said, especially larger trades.

The MSRB announced new board leadership as well as a revision to a controversial fee structure proposal.

The MSRB’s proposed changes to its fee structure fails to address the discrepancy between fees generated from dealers and municipal advisors in addition to a lack of transparency in its budgeting process.