SIFMA

If changes are made to regulating alternative trading systems, it would be the biggest change to the regulation of fixed income trading platforms since 1998.

An independent municipal advisor said recent efforts made by broker-dealer advocacy groups are part of a "membership battle."

SIFMA said Friday it had filed suit in Federal court in Washington D.C. asking the court to vacate the SEC’s Temporary Conditional Exemption.

The House is expected to pass a $1.5 trillion dollar infrastructure package, mostly along party lines, while a bipartisan Senate bill to restore advance refunding may build momentum in that chamber.

The SEC released an emergency order Tuesday that would allow municipal advisors to facilitate some private placement deals, which have seen an uptick during the pandemic.

A sticking point for dealers is the MSRB's proposal to reserve two seats on its board for municipal advisors.

Lawmakers stressed the importance to invest in infrastructure as a way for the country to recover from the pandemic.

Dealer groups supported the MSRB's move, saying it would remove a disincentive to use the Fed's short-note program.

SIFMA released two new model documents to reflect the senior managing underwriter’s role to make standard disclosures as well as its own dealer transaction specific disclosures to keep up with changes to the MSRB's fair dealing rule.

The Fed’s rates send a signal to the municipal market that it wants it to survive on its own.

The House is expected to release a stimulus package in the next few days.

The MSRB is looking to cut back on repetition in its broker-dealer suitability rules, which is a welcome change for the dealer community as Reg BI goes into effect in less than two months.

Broker-dealers oppose a proposed change to MSRB's governance rule that would reserve two seats for municipal advisors.

The Municipal Liquidity Facility will purchase up to $500 billion of short-term notes.

He served a third of his career as a senior managing director of Citi’s Institutional Clients Group, a role from which he retired in June 2019.

Demonstrating compliance with pricing and supervision rules has been challenging in the COVID-19-influenced market.

“Anybody who’s having an event between now and May is considering what to do about it,” said Mike Nicholas, CEO of the Bond Dealers of America.

The American Securities Association sent a letter to the SEC regarding the regulator's proposed exemptive order for muni advisors, calling it an "ill-advised effort."

The dealer group has opposed the proposed order from the start, and is keeping the pressure on as the SEC appears poised to approve the proposal in some form.

The Securities Industry and Financial Markets Association survey indicates low interest rates will keep the environment for issuing debt favorable.