MSRB rules

The $16,250 was part of a $150,000 total fine Wedbush agreed to pay to settle FINRA allegations.

"Over the next fiscal year, I look forward to collaborating with MSRB Board members from across our industry, and the nation," Board Chair Natasha Holiday said.

"Bond by bond, project by project the muni market has helped to build the spaces and places where American life unfolds," SEC Chairman Paul Atkins said in a speech delivered at the MSRB's 50th Anniversary Celebration Tuesday evening.

Interactive Brokers said it "promptly addressed the issue that gave rise to the settlement."

SIFMA looks forward to "the SEC approving this rate card, and the resulting fee reductions," Leslie Norwood said.

Serving on MSRB's Board of Directors over the past four years has been a privilege and an honor.

BDA plans to hold the fly-ins twice a year, CEO Mike Nicholas said.

The SEC-approved amendments will become effective in two stages, the MSRB said.

Little Rock, Arkansas-based Stephens Inc. consented to FINRA's findings without admitting or denying them.

The $137,500 fine for allegedly violating MSRB Rule G-27 was part of a $275,000 total fine imposed.

The $28,800 fine pertaining to violations of Municipal Securities Rulemaking Board rules was part of a $75,000 total fine imposed by FINRA.

Vivian Altman, Nancy Feldman, Daniel Hartman and JoLinda L. Herring slated to serve four-year terms starting Oct. 1.

There have been critics of SRO authority since they started regulating the financial industry nearly a century ago, but their ideas have yet to find a political moment so suited to them.

The MSRB Board also elected PRAG's Wendell Gaertner as vice-chair and approved a budget and rate card.

The proposal would effectively cancel part of a rule change that had not yet become effective.

The action stems from conduct that occurred from 2020-2023, FINRA alleged.

MSRB appreciates "the robust stakeholder engagement and response" to its requests for feedback on both the rate card and a municipal fund securities concept release, Board Chair Bo Daniels said.

The American Securities Association's federal appeals court case regarding an SEC order has been stayed until Aug. 13.

The MSRB has said it is amending a pending rule change that would greatly shorten the reporting time standard for municipal bond trades, which could cause problems for certain transactions, dealer firms said.

The MSRB said its board at a previously scheduled meeting Thursday authorized the filing of further amendments to Rule G-14 .