SIFMA

Dealer groups believe that some sections of the proposed amended guidance such as complex financing and disclosure standards would add complexity to the rule.

The debate between buy-side analysts and issuers and their underwriters flared up during a panel discussion at The Bond Buyer's California Public Finance Conference.

CEO Ken Bentsen and head of municipals Leslie Norwood talk markets, policy and regulations. John Hallacy and Lynne Funk host.

“A highly sophisticated frequent issuer may not need the same disclosures as a less sophisticated infrequent issuer,” the trade association for underwriters told the SEC.

Late last week FINRA sent out a notice reminding its members to register as MAs if they engage in investment-related activity with their clients.

The MSRB wants to work with other regulatory groups to decrease confusion surrounding suitability rules in conjunction with the SEC's new Regulation Best Interest.

Issuers and non-dealer muni advisors support the existing prohibition, while dealers asked the MSRB to provide some flexibility.

Market participants want someone with a deep industry knowledge as the MSRB is set to begin its search for a new president.

The evolution of muni advocacy has been in progression for years, though it was further galvanized by the shock and dismay at the 2017 tax reform.

Her announcement comes at a time of scrutiny from lawmakers and the SEC.

The MSRB filed proposed Rule G-17 interpretive guidance to the SEC on Tuesday, aiming to streamline underwriters' disclosures to issuers.

The Chicago-based firm adds to the dealer group's voice as it pushes for muni policy measures that have been stalled for years.

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

Municipal market participants are increasingly skeptical that an infrastructure bill will pass this year.

Longtime muni lobbyist Michael Decker will now have a working relationship with Bond Dealers of America.

The groups believe the MSRB cast too wide a net to non-syndicate dealers in its January draft guidance.

All four industry groups that submitted comments on the proposed rule requested a continuation of the practice that allows remarketing reissuances at a premium.

Michael Decker has been managing director and co-head of municipal securities at SIFMA since October 2009.

Rules governing financial advisory relationships and CUSIP numbers are under scrutiny.

Dealers want to change some of the language in the Municipal Securities Rulemaking Board Rule G-17 interpretive guidance.