MSRB rules

The MSRB is hoping that new guidelines will encourage more conversation between its staff and the broker-dealers and muni advisors it regulates.

Municipal advisors may be subject simultaneously to conflicts of interest that should be fully disclosed under both federal and state law.

FINRA examiners alleged Mesirow violated disclosure and supervisory rules.

A Carlsbad, Calif.-based San Diego-based firm, Eric Hall & Associates, is accused of being unregistered when it served as municipal advisor to a school district.

A pilot program for the new Series 54 exam should be available early next year, the MSRB announced.

The MSRB's guidance on social media use by muni advisors under its new advertising rule could use some work, market participants said.

Where the SEC's Rick Fleming sees potential benefits, broker-dealers see burdensome, duplicative work.

The Municipal Securities Rulemaking Board on Monday released final and draft guidance on issues related to its G-40 advertising rules for municipal advisors.

Dealer firms are trying to comply with newer rules like markup disclosure, while regulators are finding some problems and working to communicate more clearly.

A total of three advisory groups will be providing input to the board in the new fiscal year.

Widespread use of the bid-wanted process as a price discovery tool could hurt market integrity, the MSRB believes.

The MSRB is concerned about the fairness of so-called "pre-arranged trading," but some say it's a bit of a grey area.

The SEC is sorting out those charged with engaging in a large multi-year "flipping" and kickback scheme.

The MSRB is making a push to understand muni market indicators.

The now-defunct unregistered broker-dealer Core Performance Management, LLC, and four of its former employees settled fraud and MSRB rule violations with the SEC for engaging in municipal bond flipping and kickback scheme.

As the dust settles on the SEC's 15c2-12 announcement, questions loom about how difficult it will be to implement.

The MSRB's new FAQs examine an issue on which municipal advisor firms have been seeking guidance for months.

The MSRB aims to provide considerations for firms looking at their compliance procedures.

Underwriters and issuers agree that G-17 disclosures have become boilerplate and excessive, but diverge on whether a complete opt-out should be allowed.

The Municipal Securities Rulemaking Board has selected two individuals representing the public and three from regulated entities from 80 applicants to become part of its 21-member board on Oct. 1.