Broker dealers

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

The Securities and Exchange Commission is seeking comment on exemptive relief for municipal advisors in some activities in private placement deals, eliciting fierce resistance from broker-dealer groups.

The Financial Industry Regulatory Authority previously sanctioned UBS in 2015 for similar violations.

Illinois Gov. J.B. Pritzker’s first-year administration is not yet ready to tinker with the state’s underwriting pool for negotiated municipal bond sales.

At the SEC's invitation, Bond Dealers of America submitted a proposed framework for an exemptive order aimed at muni advisors on private placement deals.

The 28 members of The Bond Buyer's 2019 Rising Stars class are taking on the evolving challenges of the muni market with technology and entrepreneurial zeal.

The Municipal Securities Rulemaking Board doubled professional fees for municipal advisors last week.

This is the second letter BDA has sent to the SEC in the last couple of months opposing any kind of relief for muni advisors involved in private placements.

“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.

Market participants are questioning IFS' future and how a rogue trader engaged in unsupervised trades.

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.

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.

The deal will end the family owned Baum's 91-year run in the municipal bond business.

St. Louis-based Stifel said it had reached a definitive agreement to acquire certain assets of Baum, including its municipal bond business.

The two-day trial in PHC’s antitrust lawsuit against Nuveen is set to begin unless the two sides reach a last-minute settlement.

The firm opened its fifth California office by hiringbanker José Vera in Pasadena.

The recorded conversations document Nuveen's efforts to choke off Preston Hollow's access to capital and block what it considered predatory lending practices.

As Stephen Heaney retires from Stifel Financial, Betsy Kiehn is stepping up to a new capital markets position at the firm.

The new Chicago mayor traveled to New York City this week for a series of "meet-and-greets" with political and financial players.