Municipal advisors

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.

The Securities and Exchange Commission plans to focus on protecting Main Street investors in municipal bonds.

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

The proposal would impact the private placement business and may require amendments of MSRB rules.

Kenneth E. Bentsen Jr., the securities industry trade group's CEO, warned against a proposal to exempt some muni advisors from registering as broker-dealers.

Securities and Exchange Commission Chair Jay Clayton seemed noncommittal on a proposed exemptive order for municipal advisors.

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

The changes will slim down underwriters' disclosures to issuers, which many believed had become too lengthy and wordy to be useful.

The Berkeley County School District and its former financial advisors and bond counsel said settlement talks were unsuccessful.

Administrative failures or a lack of understanding of the rule may be to blame.

Municipal advisors can begin taking their principal exams in November.