The private-activity bonds funding LAX's automated people mover project have been downgraded to junk by Fitch amid delays and disagreements with the private developer. But Fitch affirmed the airport's AA rating.

The rating agency's new local government rating criteria led to the higher rating.

The system, along with UT Southwestern Medical Center, plan to build a $5 billion pediatric health campus in Dallas.

The SEC, MSRB and FINRA will gather in Denver Nov. 20-21 to discuss compliance for MAs and broker-dealers, examination priorities, and more.

The Supreme Court decision in SEC v. Jarkesy held that Congress can't force regulated entities to defend themselves in the SEC's in-house court, but likely won't change much for the Public Finance Abuse Unit.

The City of Angels is the latest in recent days to score a ratings upgrade as Fitch reviews its local government ratings using amended criteria.

Ten other pension obligation bonds are under review by Fitch Ratings as a result of the agency's new local government criteria.

New rules finalized by the Securities and Exchange Commission aim to bring dealer supervision up to the new standards of remote work but only address part of the problem

Many issuers are trying to understand rating agency methodology changes that could affect more than a third of them.

The use of unregistered municipal advisors in the public-private partnership sector can lead to unnecessarily expensive deals for cities and states, said SEC's Dave Sanchez.

Cities and states should carefully review the joint federal proposal and flag anything that may create a market problem, said the SEC's Dave Sanchez.

"The shortage of accountants is not a brand new-issue, but it seems to be more thematic this year," said Richard Ciccarone, president emeritus of Merritt Research Services.

The board has issued a request for comment on amendments to Rule A-12 and Form A-12 on registration for associated persons for display on the MSRB site.

It's one of the most controversial uses of tax-exempt debt, but repeated legislative efforts to eliminate it have failed.

The saga dating back to last year appears to be concluded with a settlement.

The rating agency said legislation signed into law this month to limit annual property tax revenue growth to 5.5% could reduce commercial property collections.

The improvements are intended to build on 1999 guidance and governments will be required to comply after June 15, 2025.

Over $15 million in utility revenue bonds have been called into question.

The board has knocked out nine pieces of interpretive guidance from its inter-dealer confirmation Rule G-12(c) following comments from SIFMA.

The proposal would codify a supervisory system that recognizes the work from home reality.