Municipal disclosure

The Securities Industry and Financial Markets Association said to manually input the data would require more time and staff.

Mini-bond investors were damaged by the South Carolina-owned utility’s disclosure omissions, according to the suit.

Numbers showed 167 submissions for Rule 15c2-12's Event 15.

The new amendments to be filed to the Securities and Exchange Commission will give disclosure responsibility to the lead underwriter, meaning less duplicative disclosure for issuers.

The city moved up its bond notice and document postings in response to a BondLink report saying investors want more time to review deals.

The court shouldn't accept banker Peter Cannava's "narrow and cramped view of materiality,” the SEC urged.

Ahmed Abonamah, a senior counsel to the director in the SEC’s Office of Municipal Securities, told the National Muni Bond Summit SEC Chair Jay Clayton has concerns about the timeliness of issuers’ financial information disclosure.

Mid-size issuers may be experiencing the greatest impact, with one municipality even reporting that an underwriter withdrew a bid over a disclosure requirement.

Glitches in California's electronic financial system are delaying annual financial reporting documents, said Controller Betty Yee.

The MSRB plans to roll out changes to simplify the submission process on EMMA.