Municipal advisors

UMB plans to focus on higher education with its initial thrust into advisory services.

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

Conditions under a recently announced temporary exemption are narrow, SEC staff said, despite push back from dealers.

Rep. French Hill, R-Ark., said the SEC's temporary relief for MAs to facilitate some private placement deals without registering as a broker-dealer should not have been created through exemptive relief.

Sorth, who joins as a managing director, will provide municipal bond underwriting and advisory services to clients in Missouri and the Midwest.

The SEC released an emergency order Tuesday that would allow municipal advisors to facilitate some private placement deals, which have seen an uptick during the pandemic.

Broker-dealers oppose a proposed change to MSRB's governance rule that would reserve two seats for municipal advisors.

Perhaps most important, nobody involved in this issue has argued that issuers or anybody else would benefit in any way from exempting MAs from appropriate regulation.

NAMA believes the order will strengthen protection for issuers in keeping with the recent reforms in the municipal market.

Sources say action on the SEC's proposed exemptive order has slowed, though it could garner attention at next week's conference.

The American Securities Association sent a letter to the SEC regarding the regulator's proposed exemptive order for muni advisors, calling it an "ill-advised effort."

Fieldman, Rolapp & Associates hired Un Chu Reardon in Seattle and Rachel Chang-Kwei in Irvine, California.

If the new projections bear out Wisconsin would bolster cash and reserve balances while trimming a longstanding GAAP deficit

The dealer group has opposed the proposed order from the start, and is keeping the pressure on as the SEC appears poised to approve the proposal in some form.

The consulting firm will perform a comprehensive review of the city’s financial position, Mayor Justin Elicker said.

Bond Dealers of America sent the SEC a long list of requests to limit municipal advisors' roles in private placements.

Coxswain's organizational restructuring expertise pairs well with UFI's financial planning acumen, the firms said.

The board is considering whether it should allow dealer-affiliated municipal advisors to count towards the MA board seat requirement on a smaller board.

The Municipal Securities Rulemaking Board's assets dropped by $8.5 million.

Some smaller firms are deciding to qualify more than half of their municipal advisor principals as a sort of backup plan.