Municipal disclosure

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.

The MSRB's disclosure website has beefed up its data offerings with two new yield curves that are available for free.

The condition of Florida’s economy and finances led Moody's to upgrade the state to Aaa.

Georgia used an internet presentation and an investor platform to highlight its credit strengths before its annual general obligation bond sale.

A quarter of municipal bond issuance so far this year carried just one rating agency opinion, heightening uncertainty over credit quality for some investors.

The Government Finance Officers Association said Tuesday it generally supports most of the recommendations an SEC panel plans to discuss in Atlanta later this week.

The SEC's Investor Advisory Committee's vice chairman is Elisse Walter, the former chairman and commissioner of the SEC who was most responsible for the commission's 2012 Report on the Municipal Securities Markets that suggested some of these muni reforms.

The muni industry's self regulator said issuers have found underwriters' disclosure letters to be too long, filled with boilerplate, and duplicative.

It’s the city’s first bond investor conference since exiting active state oversight earlier this year.

NFMA has given awards every year since 1984 to recognize those who have contributed to its goals for the advancement of the municipal bond industry.

The Securities and Exchange Committee said its Investor Advisory Committee might made a recommendation related to enhanced municipal and corporate bond disclosure.

The MSRB's controversial commentary about selective disclosure got some support from a top SEC official on Wednesday.