Broker dealers

The number of issuers using a temporary exemption jumped to 101 in October from 35 the previous month.

During an industry briefing Tuesday, SIFMA's Kenneth Bentsen, Jr., said no matter who leads the SEC next, SIFMA will argue for an end to a temporary exemptive order.

SIFMA told a federal court that the SEC's process failed when it announced the temporary conditional exemption for muni advisors.

The MSRB also said it was looking for volunteers for two advisory groups.

The maximum allowable issuance under the SEC's temporary exemption is $20 million.

The American Securities Association's new member program will increase its membership to 71 members from 21.

The low interest rates that resulted from COVID-19 caused high levels of muni issuance and market activity, resulting in MSRB's fiscal year 2021 revenue significantly outperforming.

Eliseo Sampayo was fined $20,000, half of which will go to the Municipal Securities Rulemaking Board for violating its rules.

The settlement in which Roosevelt & Cross, Inc. agreed to pay $1 million is part of a now more than two-year crackdown on "flipping" arrangements.

Regulators found Stifel effected 56 pairs of pre-arranged transactions and the firm did not have a supervisory system reasonably designed to catch that activity.