Municipal disclosure

Muni professionals’ knee-jerk response is that the phrase is clear, until they attempt to explain it. And then they realize that it is nonsensical.

Issuers and non-dealer muni advisors support the existing prohibition, while dealers asked the MSRB to provide some flexibility.

Her announcement comes at a time of scrutiny from lawmakers and the SEC.

It is time for more creative thinking about finding more solutions to fund improvements for the city instead of political squabbles.

SEC Chair Clayton’s comments that information on EMMA is subject to more scrutiny could be true for some participants depending on issuers’ reliance on the MSRB site.

Clayton noted a trend of issuers being advised that information they supply on EMMA is subject to more anti-fraud scrutiny than information provided in other ways.

GFOA is putting together a working group to address concerns about continuing disclosure in the municipal market, a topic increasingly discussed among stakeholders.

Prominent muni market figures will discuss the content and timeliness of disclosure at an SEC committee meeting next week.

The MSRB filed proposed Rule G-17 interpretive guidance to the SEC on Tuesday, aiming to streamline underwriters' disclosures to issuers.

The report came in advance of a three-day MSRB board meeting on options to enhance transparency and educate investors.

The expected decline in coal production amid pressure for climate change action demands better bond disclosure from affected governments, a new paper argues.

The Long Island township is emerging from the cloud of SEC scrutiny.

S&P Global Ratings cut its rating to A from A-plus, and maintained a negative outlook on the South Carolina Public Service Authority.

XBRL recently released its second draft of a CAFR reporting taxonomy incorporating feedback from groups such as the National Association of State Auditors, Comptrollers and Treasurers.

The judge ruled for Peter Cannava, who had denied wrongdoing even after Wells Fargo and other defendants settled charges.

On Wednesday, the SEC approved the final rule 3-1, with Commissioner Robert Jackson voting against the rule.

Abonamah will oversee the municipal securities office's strategic initiatives in his new role.

In late May, the MSRB enhanced its search functionality on its Electronic Municipal Market Access site (EMMA) by implementing an algorithm that allows for predictive searching.

State Controller Betty Yee blames the state's new digital accounting system for delaying the comprehensive annual financial report.

The authority says the site will help investors access credit fundamentals.