Broker dealers

"I think, overwhelmingly, all of our market participants are wanting the same thing and that's really a thriving municipal market," Holiday said.

Top figures in public finance have weighed in on important events at this year's Infrastructure event.

Larger dealer networks lead to lower markups, but smaller networks show evidence of potential collusion and market manipulation, the paper said.

The action stems from conduct that occurred from 2020-2023, FINRA alleged.

The MSRB's decision to rescind the one-minute trade reporting deadline "comes after months of dialogue and engagement with market participants," MSRB President and CEO Mark Kim said.

The muni market's self-regulatory organization has undergone major changes in its five decades, and challenges are ahead.

"It is FINRA's position that, for multiple reasons discussed in its brief opposing Alpine's petition for writ of certiorari, the case did not meet the Supreme Court's standards for review," FINRA said.

Siebert Williams Shank & Co has been censured and fined $55,000 by the Financial Industry Regulatory Authority for rule violations including reporting inaccurate trade times for roughly 12,100 municipal securities transactions.

Levy, a member of The Bond Buyer's Rising Stars Class of 2017, assumed the role of chair in late April.

"FINRA has drifted far from its intended purpose," Rep. Lisa McClain said.