Broker dealers

The regulator clarified that dealers need not post bid-wanteds on multiple alternative trading systems.

Formal allegations of fraud by banks in the pricing of variable rate debt obligations appeared in a fourth state.

Rules governing financial advisory relationships and CUSIP numbers are under scrutiny.

A lawsuit alleging fraud accusing banks and broker-dealers of fraud in the variable-rate demand obligation market will proceed, an Illinois judge ruled.

Trade reporting and supervisory failures were behind FINRA's action against the New York-based firm.

Broker-dealers can avoid fines if they self-report 529 savings plan supervisory violations by April 1.

In its 28-page financial report released Wednesday, the board reported that its net assets increased by over $4.3 million.

The SEC has signaled a focus on pay-to-play and disclosure fraud.

Ex-Morgan Stanley broker Ami Forte made national headlines after allegedly violating multiple municipal securities and other rules, the Financial Industry Regulatory Authority found.

SIFMA and BDA responded to the MSRB's request for comment on muni indices and benchmarks, and transparency was a major theme.

The firm, recapitalized in April, is building out its municipal market presence.

The municipal bond industry marched at the head of the parade as the nation celebrated National Veterans Small Business Week.

The Treasury Department Inspector General for Tax Administration plans to audit the IRS' use of a much-feared enforcement tool under which it can impose penalties for the misconduct of municipal bond transaction participants such as underwriters, lawyers, municipal advisors or their firms.

The defense team accused the SEC of a "gross abuse of power."

The number of MSRB-registered dealers has fallen by almost one-third since 2009 and FINRA and the MSRB have some concerns about it.

Recently announced streamlining and rumored budget cuts and layoffs at SIFMA are causing market participants to worry about its commitment to municipal securities.

Gary Hall, who became the new MSRB chair on Monday, says he has a "reverence" for the muni market.

SIFMA is publishing a new model document that it says should help underwriters avoid regulatory risk.

Widespread use of the bid-wanted process as a price discovery tool could hurt market integrity, the MSRB believes.

Dominick Mondi will remain president of the firm's capital markets division.