The school system, which has an AA underlying bond rating from S&P, was targeted by the Texas Education Agency for a takeover based on academic performance.

Moody's cited the school's weakening liquidity levels in its downgrade.

"Over the next fiscal year, I look forward to collaborating with MSRB Board members from across our industry, and the nation," Board Chair Natasha Holiday said.

"Bond by bond, project by project the muni market has helped to build the spaces and places where American life unfolds," SEC Chairman Paul Atkins said in a speech delivered at the MSRB's 50th Anniversary Celebration Tuesday evening.

Higher interest rates are keeping arbitrage on the playing field as issuers try to play by the rules and still come out ahead.

"It shows the chairman's understanding of the practical realities of firms...," Peter Chan, a partner at Baker McKenzie said.

"Going forward, the staff will provide the other side with at least four weeks to make Wells submissions," SEC Chairman Paul Atkins said in a recent speech.

Fitch Ratings cited the hospital's growing revenue and other factors in lifting the issuer's outlook.

"It is a big problem across the board with all types of deal participants perhaps venturing into unregistered MA activity," said Susan Gaffney.

Stradling clients "were fortunate to receive proactive contact from SEC staff to reschedule imminent matters leading up to the shutdown," said Kathleen Marcus, a partner at Stradling.

The Department of Transportation pulled funds from the Gateway Project and the Second Avenue Subway extension, citing alleged "DEI" violations.

Interactive Brokers said it "promptly addressed the issue that gave rise to the settlement."

SIFMA looks forward to "the SEC approving this rate card, and the resulting fee reductions," Leslie Norwood said.

"If the open jacket policy is actually implemented—which we in the defense bar hope is the case—it would be a welcome reform," one attorney said.

The rating agency pointed to potential financial pressure from tax and other changes on the federal level for the state's outlook revision.

Serving on MSRB's Board of Directors over the past four years has been a privilege and an honor.

An SEC investigation "is not a litigation," said Kathleen Marcus, a partner at Stradling Yocca Carlson & Rauth.

BDA plans to hold the fly-ins twice a year, CEO Mike Nicholas said.

Fitch cited the system's operating performance and plans for up to $4.2 billion in addional debt.

The SEC-approved amendments will become effective in two stages, the MSRB said.