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Regulatory actions and programs

  • Vermont treasurer elected NAST president

    The National Association of State Treasurers has tapped Vermont Treasurer Beth Pearce as its next president.
  • Commentary Remodeling the rule book

    Lynnette  Kelly
    Lynnette Kelly
    Executive Director Municipal Securities Rulemaking Board
    How the MSRB maintains effective and efficient regulations for the municipal securities market
  • Video Muni Minute: Congress and the MSRB

    This week’s Muni Minute looks at efforts in Congress to repeal and replace the Dodd-Frank Act with the Financial CHOICE Act. We look at how these municipal securities changes could affect the mission of the Municipal Securities Rulemaking Board. VOICE OVER: Congress is planning to move ahead with draft legislation that would repeal and replace the Dodd-Frank Act. House Financial Services Committee chairman Jeb Hensarling said he plans to hold the hearing on Wednesday to consider the Financial CHOICE Act. CHOICE stands for "Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs."The draft bill is a revised version of one that the Texas Republican proposed last year, but its municipal securities provisions remain the same. The bill would demote the SEC's Office of Municipal Securities by having it report to the Trading and Markets Division instead of directly to the head of the SEC. And it would take away a key funding source in the MSRB as the board can no longer keep some of the fines collected from enforcement actions taken by the SEC and FINRA over its rules. That money would go directly to the Treasury Department instead. I'm Chris Bonnet and this has been BB Muni Minute.
  • UBS loses another Puerto Rico case as client payouts top $200M

    Awards and settlements are piling up even as the U.S. wealth management unit reports record profits.