Municipal disclosure

The new site is evidence of its commitment to transparency, the state's finance secretary says.

The comprehensive new law modernizes bond statutes on the books since the 1980s.

The proposed new standard aims to create consistent practice in how conduit issuers report their liabilities.

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.

The report card touts the MSRB's accomplishments, though that doesn't sit well with some market participants.

Bank director Sarah Riordan said the alleged misconduct did not involve any bond funds.

The resource document the MSRB released Thursday is designed to help dealers comply with rule changes on markup disclosures to retail investors that took effect on May 14.

The Municipal Securities Rulemaking Board named Gary Hall as its next chair and Edward Sisk to become vice chair. It also temporarily cut fees to reduce excess reserves by $2.6 million.

Trustee UMB bank claimed the bond counsel's negligence prevented bondholders from achieving adequate recovery in bankruptcy.