Capital Markets Advisors and its co-principals Richard Ganci and Richard Tortora are caught up in a legal back and forth with the SEC over how MSRB Rule G-42 on conflicts of interest applies to their case.

The rating agency said plugging a growing budget gap is "crucial" for the credit quality of the Aa1-rated state.

The regulator has charged a former chief compliance officer $15,000 and a firm $100,000 in twp separate enforcement actions.

"The upgrade reflects an expected continuation of very strong and consistent operating performance and revenue growth," Moody's said.

Smaller issuers will find it easier to tell their stories to investors who are looking to customize their portfolios.

The second board meeting of FY 2024 will also see the board mull whether it should modernize its dealer supervision rule.

Increasing the costs for banks to hold municipal bonds would be passed down to cities and states in the form of higher financing costs, industry advocates said.

The filing cuts the current 15 minutes standard reporting window down to one minute in what the MSRB describes as an effort to improve transparency.

The firm settled charges with FINRA over failing to include the Non-Transaction Based Compensation indicator for 91,059 reports of municipal securities transactions over a five year period.

Republicans are threatening to try to overturn the rule through the Congressional Review Act.

The negative outlook on the Phoenix-based university's Ba1 rating is due in part to its battle with federal regulators, including the U.S. Department of Education, which it sued in 2021.

The agency plans to broaden its current market share and expand into new sectors.

The Alameda Corridor Transportation Authority announced a tender offer as part of a restructuring plan that could culminate in $1.36 billion of bonds.

Without admitting or denying the findings, David Elgart of Sequoia Investments has agreed to a $20,000 fine and an 18-month suspension from association with any FINRA member firm for acting as an unregistered dealer.

Moody's also affirmed the A1 rating on the authority's $3.2 billion of general revenue bonds and the A2 rating on the $2.5 billion of general revenue junior indebtedness obligations.

The Municipal Securities Rulemaking Board is coming under fire from broker-dealer and municipal advisor groups for what those groups see as an opaque process.

Fitch Ratings said the trajectory of the city's AA rating could depend on how Mayor John Whitmire, who took office this week, resolves the years-long impasse over firefighter pay.

Arbitrage is in play, IRS budget boost is uncertain, stepped-up enforcement concerns remain

The regulator is looking for three tech savvy compliance experts.

"There is no doubt that inflation has had an impact. It's important that we continue to ensure that everyone working in New Jersey has access to a livable wage," said Gov. Phil Murphy.