MSRB rules

The broker did not disclose conflicts of interest and altered documents, FINRA found.

Municipal Securities Rulemaking Board CEO Mark Kim talks about his priorities after recently being named CEO in October, changes to its reduced board size and transparency of the board. Sarah Wynn hosts. (34 minutes)

The Municipal Securities Rulemaking Board consolidated a few positions, eliminating its chief compliance officer role and promoting its CFO.

Dealerweb is a wholesale unit of Tradeweb Markets, a large fixed-income electronic trading platform company. FINRA found that Dealerweb failed to correctly report 147,000 trades.

The MSRB is looking specifically for issuers and non-dealer municipal advisors.

The board, at the first quarterly board meeting of its 2021 fiscal year, also voted to split its existing Nominating and Governance Committee into two.

The Municipal Securities Rulemaking Board's new CEO plans to improve the quality of data on its site.

The board will discuss a long-term strategic plan for the MSRB and the regulatory framework of electronic trading platforms.

Missing minimum denomination and interest rate information for VRDOs affected about 57 CUSIPs, FINRA found.

Market participants say the year long process to find a new leader for the Municipal Securities Rulemaing Board resulted in a good pick.

The Municipal Securities Rulemaking Board's David Hodapp said an MA's fiduciary duty to an issuer trumps fair dealing obligations to investors.

Eliseo Sampayo was fined $20,000, half of which will go to the Municipal Securities Rulemaking Board for violating its rules.

The settlement in which Roosevelt & Cross, Inc. agreed to pay $1 million is part of a now more than two-year crackdown on "flipping" arrangements.

Regulators found Stifel effected 56 pairs of pre-arranged transactions and the firm did not have a supervisory system reasonably designed to catch that activity.

Changes to the MSRB come a year after the proposal of legislation that would decrease the size of the board and increase the cooling off period for public board members.

Marshall will still keep her position as chief compliance officer as she also takes on the role of interim chief regulatory officer. Lanny Schwartz left his position as chief regulatory officer almost a year ago.

Hilltop was fined a total of $475,000, with $100,000 pertaining to violations of municipal securities rules.

In a virtual meeting, the board will set its budget, but won't select an incoming class of board members, because of a proposed size change.

This is the latest case to involve 'flipping' — improperly allocating bonds meant for retail customers and instead selling them to other market participants — following multiple related actions made by the SEC over the years.

Several groups are arguing their case to keep their seats on a smaller board.