MSRB rules

Events at the SEC are likely to create a number of important MSRB rule changes in the coming year.

The Municipal Securities Rulemaking Board will require more data starting Nov. 30, 2020.

Executive search firm Spencer Stuart has been calling industry leaders asking for feedback on the organization.

Issuers, bond lawyers, and analysts have all raised complaints about the proposed addition to EMMA.

The National Federation of Municipal Analysts has consistently called for steps to reduce investors' reliance on stale financial information.

The SEC chairman’s comments are consistent with his record, which has included repeated calls for the MSRB to take steps to be sure investors are aware that issuer financials filed to EMMA can often be many months old.

The Financial Industry Regulatory Authority found D.A. Davidson & Co. provided inaccurate pricing in issue price certificates.

The Municipal Securities Rulemaking Board assigned muni market veterans to give input on rules and transparency related to municipal fund securities.

Matt Posner started his new role as director of market structure-transparency on Monday.

Though enforcement cases slightly decreased this past year, lawyers say the Securities and Exchange Commission is just as aggressive as ever.