SIFMA

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.

Municipal advisors were hoping for something more robust than the comments the MSRB incorporated into its latest "compliance resource."

A proposal by bank and securities regulators to roll back some provisions of the Volcker Rule indicates they may be considering rethinking their previous stance on tender option bonds.

Muni market groups got a long-awaited win when the House passed banking legislation classifying certain munis as high-quality liquid assets, even if it wasn't as big a win as hoped.

A deal struck between House and Senate leaders could lead to a vote as soon as next week on a banking bill that would classify munis as high-quality liquid assets and make them more attractive investments for banks.

The MSRB said its newly-approved rules are an important part of its regulatory efforts, while groups representing dealers and MAs are say they are confusing and need clarification.

The Securities Industry and Financial Markets Association's newest model documents incorporate months of experience with the year-old issue price regulations, which most issuers think are working well.

The MSRB said its proposals should be approved, despite objections from dealers and municipal advisors.

The Securities and Exchange Commission's decision not to extend the effective date of new markup disclosure requirements is disappointing to dealer groups, which have pushed hard for months for a delay.

Muni market groups told the MSRB that its latest FAQs about municipal advisors need to more clearly integrate existing guidance from both the board and the SEC to avoid creating confusion.

Muni issuance will pick up next year, said George Friedlander, managing partner of Court Street Research Group.

An unsealed whistleblower lawsuit accuses eight Wall Street and regional banks and broker-dealers that served as remarketing agents of fraud and collusion in resetting rates for variable rate demand obligations issued by state and local issuers in Illinois.

The MSRB said the paper was prompted in part by the tax law's prohibition on advance refundings and the fact that interest rate swap rules intersect with the board's rules for municipal advisors.

Some worry that MSRB's late release of an updated set of FAQs on markup disclosure requirements will hinder their meeting the May 14 effective date.

Groups representing both dealer and non-dealer muni advisors are opposed to the MSRB's new rule and rule changes on advertising because they are too dissimilar from FINRA's rules and could be confusing.

SIFMA is urging the MSRB to be more forthcoming in providing interpretive guidance to dealers and other regulated entities.

Former U.S. Transportation Secretary Ray LaHood an 116 groups call for a bipartisan, multi-level governmental approach to infrastructure that includes municipal bonds.

The threat of tax reform loomed large for firms responding to SIFMA's Municipal Issuance Survey.

The SEC has approved a change to increase the level of information the MSRB collects about certain muni fund securities.

Dealers are pleased that the MSRB has expanded the exemption to its CUSIP proposal.