Broker dealers

The hire by Missouri-based Stifel comes as some broker-dealers trim ranks amid weak issuance.

Rai joins Wells as senior strategist after he was let go by Citi in June.

The Republican ESG bill calls for studies on key muni market issues, including bans on soliciting business, ESG disclosure and investment decisions by underfunded state and local pension plans.

The MSRB will request comment on Rule G-12 on inter dealer confirmations and seeks to codify or retire nearly 40 pieces of interpretive guidance related to it.

The Ohio-based was underwriter on 47 limited offerings, violating the Commission's limited offering exemption.

The Financial Industry Regulatory Authority found that BNA Wealth didn't meet the regulatory requirements when it sold shares in 529 plans.

The MSRB took no concrete actions at its meeting that ended last week, but discussed initiatives important to market participants.

The three firms were ordered to pay $515,000 in restitution, but were spared any additional financial penalty.

The MSRB's quarterly meeting, set to take place Jan. 25-26, will also include discussion of EMMA modernization efforts and the impacts of the Financial Data Transparency Act.

The regulation would establish a universal standard requiring dealers in any transaction with a customer to use reasonable diligence to get the customer the best price.

The change would give broker dealers, municipal securities dealers and municipal advisors until Jan. 31 to annually affirm the information on Form A-12, among other changes.

The Municipal Securities Rulemaking Board has announced its fifteen-member Compliance Advisory Group for the 2023 fiscal year, which includes eleven women and four men.

The Securities and Exchange Commission's 2020 amendments to rule 15c2-11 on the publication of quotes by broker dealers won't be enforced until 2025.

Should the proposal go forward, the board should provide analysis and evidence as to how such a requirement would benefit the market, dealers said.

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.