Broker dealers

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.

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."

Bond Dealers of America sent the SEC a long list of requests to limit municipal advisors' roles in private placements.

The Municipal Securities Rulemaking Board's assets dropped by $8.5 million.

An SEC advisory committee recommended allowing investment advisers affiliated with broker-dealers to offer and sell negotiated new issue muni bonds during the order period that the dealer also participates in.

The Financial Industry Regulatory Authority released its annual Risk Monitoring and Examinations Priorities letter Thursday.

Jay Goldstone was considered instrumental in San Diego’s re-entry to the bond markets following the city’s pensions scandal in the mid-aughts.

The Municipal Securities Rulemaking Board will require more data starting Nov. 30, 2020.

The proposal would impact the private placement business and may require amendments of MSRB rules.

Kenneth E. Bentsen Jr., the securities industry trade group's CEO, warned against a proposal to exempt some muni advisors from registering as broker-dealers.

Securities and Exchange Commission Chair Jay Clayton seemed noncommittal on a proposed exemptive order for municipal advisors.

Though enforcement cases slightly decreased this past year, lawyers say the Securities and Exchange Commission is just as aggressive as ever.

The changes will slim down underwriters' disclosures to issuers, which many believed had become too lengthy and wordy to be useful.

The Financial Industry Regulatory announced the action Wednesday, saying it stemmed from the firms' supervisory failures.

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

After getting national attention for allegedly swindling millions from a disabled billionaire client, brokers Ami Forte and Charles Lawrence have been barred from the industry.

The dealer entered into two municipal bond orders into a recently deceased customer's account.

The Bond Dealers of America is forming an Affiliate Member Division to bring a lobbyist voice to smaller firms.