SIFMA

SIFMA had argued that the SEC's temporary exemption order for municipal advisors was arbitrary and capricious.

The Securities Industry and Financial Markets Association has bolstered its team with the additions of Jennifer Jacoby, Matthew Grinney and Nick Key.

Hammerman has spent more than 18 years with the group, participating in a number of important policy discussions about munis.

"Compromises had to be made," Neal said about muni market proposals being dropped from the Build Back Better agenda.

SEC Chairman Gary Gensler focused much of his comments during SIFMA’s Annual Meeting on why he considers himself to be just getting the ball rolling on climate disclosures.

The case may turn on whether the SEC’s temporary order is capable of repetition and evading review.

The proposed changes would reduce the volume of disclosures dealers have to make to customers each year.

At stake, from SIFMA's perspective, is the potential of the SEC to revive the exemption in the future.

Current rules require disclosures to customers who probably do not need them, industry lobbying groups argue.

Dealers and muni advisors think the loyalties of solicitor MAs should be clearly disclosed.