“The City of Harvey, through no fault of Comer’s and unrelated to Comer’s fiduciary obligations, tainted the district’s offering,” according to the defense.

Rich Moore takes over the top spot at NABL during the first day of a three-day annual conference in Chicago.

This is the second letter BDA has sent to the SEC in the last couple of months opposing any kind of relief for muni advisors involved in private placements.

The MSRB announced Monday that Post will be a “senior advisor” through the end of the month, when the board’s fiscal year ends.

State and local governments are providing more transit funding than they have before, offsetting some of the ridership woes.

Some say a case announced yesterday echoed one last year where traders allegedly lied to get priority in their orders for newly-issued bonds.

The FBI probe and churn in upper management may make future rate increases a tough sell, S&P analysts said.

Thomas Muldoon should properly have placed his orders as dealer stock orders, the SEC found, but instead asked representatives to submit them as retail orders.

“A highly sophisticated frequent issuer may not need the same disclosures as a less sophisticated infrequent issuer,” the trade association for underwriters told the SEC.

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.