Broker dealers

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.

In March 2020, spreads skyrocketed to 97 basis points before dropping slightly to 88 basis points in April 2020.

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

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

Charles Doraine settled with the Financial Industry Regulatory Authority on Monday without admitting or denying FINRA’s findings.

BDA wants the he Fed to consider a standby, short-term lending facility for states and localities experiencing cash flow timing shortfalls.

BDA told Fed Chair Jerome Powell that two existing programs could help the muni market overcome the impact of the virus.

Sources say action on the SEC's proposed exemptive order has slowed, though it could garner attention at next week's conference.

The longtime muni lobbyist is now BDA's vice president of policy and research, after having played a less formal role over the past year.