Regulation and compliance
Regulation
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Some stakeholders say the CUSIP requirement for MAs is needed, while other say it is burdensome.
May 28 -
The financier's lawyers disputed a court-appointed monitor who had criticized him for maintaining an expensive lifestyle while his investors faced losses.
May 28 -
National Association of Bond Lawyers President Dee Wisor and President-elect Rich Moore discuss infrastructure, regulation, tax law and the group's educational efforts. Kyle Glazier hosts.
May 28 -
State Treasurer Joe Torsella is accusing 14 financial firms of collaborating to illegally inflate the prices of Fannie Mae- and Freddie Mac-issued bonds.
May 24 -
J.W. Korth & Co. was found to have charged excessive markups in 38 sales of municipal securities.
May 23 -
Adding $374 million alleged in New York to the three other cases also filed by Johan Rosenberg brings the total damages claimed to $1.58 billion.
May 22 -
Among the topics on the plate for Laura Porter, Fitch Ratings' new head of public finance, are complex credits, special revenue legal focus and ESG factors and scoring. Porter believes there are still opportunities in this market and has the team to assist in these efforts. John Hallacy hosts.
May 21 -
The MSRB is requesting comment on whether Rule G-23 is still relevant and whether it helps the MSRB achieve its objectives of protecting issuers and investors.
May 20 -
Municipal Securities Rulemaking Board Chair Gary Hall said the MSRB will examine governance rules such as the time period between when individuals leave their industry jobs and when they are allowed to become public board members.
May 19 -
Issuers are concerned that the Municipal Securities Rulemaking Board reopening discussion of Rule G-23 could bring back "shady" practices.
May 19 -
GFOA members said they were taken aback and in some cases upset about the tone of the National Federation of Municipal Analysts' letter to regulators.
May 19 -
The Securities and Exchange Commission is on the lookout for municipal advisors skirting the Series 50 Exam.
May 17 -
For the fiscal year, the state's total revenue collections are ahead 6.2% over the same period last year.
May 16 -
The amended rules require dealers to disclose markups and markdowns as a total dollar amount and as a percentage of the prevailing market price to retail investors.
May 16 -
The BDA believes that in addition to removing the Rule’s restriction on competitively bid transactions, it should consider simply eliminating it altogether.
May 16 -
Though some dealers endured a technological headache, the year-old rules have improved transparency without disrupting trading, the MSRB said.
May 14 -
Data from a Municipal Securities Rulemaking Board report released Wednesday showed a continuing decline in the number of dealers.
May 9 -
At the National Federation of Municipal Analysts annual conference, panelists discussed the “elephant in the room” — myths about issuer disclosure.
May 8 -
The Treasury and Internal Revenue Service sent the final regulation to the White House Office of Management and Budget over six weeks ago.
May 7 -
“Brogdon's substantial and ongoing failure to comply with the plan and court orders are egregious and ongoing,” a court-appointed monitor reported.
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