Broker dealers

The Municipal Securities Rulemaking Board's intends to spend $45.5 million over the course of FY2023.

Brett, whose term ends this week, oversaw the MSRB's push for a greater integration of technology as well as overseeing some controversial rule proposals.

Municipal market participants are gaming out post-election scenarios that pose opportunities and risks for budgets and portfolios.  

Ahmed's appointment comes a few months after longtime SIFMA lawyer Ira Hammerman announced he would leave the job this year.

On Tuesday, the Municipal Securities Rulemaking Board filed a proposal with the SEC to changing Rule G-3, which governs continuing education requirements.

Los Angeles' debt manager says the mandate will not change the already inclusive processes it uses to hire financial teams to work on the city's debt.

The Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board's proposed changes to Rule G-34 on CUSIP applications, removing the requirement for municipal advisors to file new issue applications in one business day, among other changes.

FINRA and MSRB actions are drawing broker-dealer firms to lobbying groups.

Brokers should be aware that inaccurate tax reporting could force its brokerage clients to seek damages and could force dealers to make their clients sign a liability waiver, as the recent muni case Richard Goodman v. UBS Financial Services highlights.

The proposal may be less feasible for certain types of trades, market participants said, especially larger trades.