The state's net position worsened to negative $189.1 billion according to the CAFR, which arrived almost 14 months after fiscal 2018 ended.

Two courts have interpreted a legal question key to the VRDO lawsuits very differently.

The National Federation of Municipal Analysts's latest paper is part of the group's push to encourage "more robust" secondary market disclosure.

The group sent a letter to the Securities and Exchange Commission this week asking for fair dealing rule guidance to be better tailored to 529 savings plans.

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.

“Reporting unauthorized transactions is certainly a good first step in building cooperation,” said one lawyer. “But there could be a lot more to it.”

Late last week FINRA sent out a notice reminding its members to register as MAs if they engage in investment-related activity with their clients.

Market participants are questioning IFS' future and how a rogue trader engaged in unsupervised trades.

The MSRB wants to work with other regulatory groups to decrease confusion surrounding suitability rules in conjunction with the SEC's new Regulation Best Interest.

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

Moody's upgraded the Lincoln-Way district, saying it has effected a fiscal turnaround after the management woes and investigations that sent it to junk in 2016.

Market participants want someone with a deep industry knowledge as the MSRB is set to begin its search for a new president.

The firm has notified regulators and the FBI about the alleged illegal, off-book trade activity, which sources say cost the firm more than $10 million.

The evolution of muni advocacy has been in progression for years, though it was further galvanized by the shock and dismay at the 2017 tax reform.

Mayor Toni Harp released a five-year strategic plan that she said would help Connecticut’s second-largest city brace for any volatility.

In Schwartz, MSRB loses an experienced lawyer, respected by his peers, as it faces a future without its longtime leader.

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

Edward Sisk, a managing director and head of public finance at Bank of America Merrill Lynch, will chair the Municipal Securities Rulemaking Board beginning Oct. 1.

MSRB President and CEO Lynnette Kelly will be retiring at the end of the fiscal year after 12 years leading the organization.

Warren is among the most prominent Capitol Hill voices on issues related to financial regulation.