In a letter sent to the SEC and the Municipal Securities Rulemaking Board late last week, the group said lapses in issuer financial disclosures are unacceptable.

The Securities Industry and Financial Markets Association said to manually input the data would require more time and staff.

The announcement comes after several news reports that Stephen Moore would not back down from his anticipated nomination to serve on the Fed despite growing concerns from Republican senators.

More insight into board member selection and decisions would benefit the market and its primary regulator.

Numbers showed 167 submissions for Rule 15c2-12's Event 15.

Birmingham, Alabama's general obligation bond rating was lowered one notch by Moody's due to growing pension liabilities.

The fate of higher education was on the agenda at the Milken's Institute's Global Conference.

Philadelphia awarded a $190 million general obligation deal to banks the city is suing, alleging collusion on variable-rate debt.

The new amendments to be filed to the Securities and Exchange Commission will give disclosure responsibility to the lead underwriter, meaning less duplicative disclosure for issuers.

Bond Dealers of America members said they have spent an average of more than $17 million on regulatory costs since the beginning of the 2008 credit crisis.

The MSRB said Rule G-29 doesn't make sense anymore since the rulebook can be accessed online.

The audit concluded a year and one day after the sports authority received a letter dated April 4, 2018, informing it that the tax-exempt status of the bonds was being examined.

The court shouldn't accept banker Peter Cannava's "narrow and cramped view of materiality,” the SEC urged.

Kroll Bond Rating Agency lifted Los Angeles one notch to AA-plus.

The Municipal Securities Rulemaking Board is making its MuniEdPro free for all market participants.

On deck for the meeting scheduled for next week, the MSRB's Board of Directors will discuss pennying, upcoming EMMA enhancements and financial disclosure timeliness by issuers.

The SEC’s Technology and Electronic Trading Subcommittee meets on pennying.

The firms are saying they shouldn't have to participate in the disclosure, which could lead to a clawback of bond payments.

Los Angeles received a one-notch upgrade to AA from Fitch Ratings following several years of revenues outpacing expenditure growth.

Whistleblower Johan Rosenberg has alleged that the conspiracy cost issuers over $1 billion — $719 million in California, $349 million in Illinois, and $134 million in Massachusetts.