A Securities and Exchange Commission proposal that may trigger additional MSRB rulemaking is open for comment, and the MSRB is scheduled to discuss it next week.
Lombard Securities and McDonald Partners agreed to pay fines after FINRA examiners found various violations of MSRB rules, including supervisory failures and trade reporting deficiencies.
Lanny Schwartz brings varied experience to a new role at the MSRB, including with the derivatives that could be poised to make a comeback because of the prohibition on advance refundings.
An unsealed whistleblower lawsuit accuses eight Wall Street and regional banks and broker-dealers that served as remarketing agents of fraud and collusion in resetting rates for variable rate demand obligations issued by state and local issuers in Illinois.
The SEC wants a quick end to its case against former Ramapo, N.Y. town supervisor Christopher St. Lawrence, but St. Lawrence's lawyer wants a federal judge to proceed to trial.
Former broker Deborah Kelley could end up paying close to half a million dollars in fines, penalties, and restitution for her role in defrauding the New York State Common Retirement Fund.
The National Association of State Treasurers is using infrastructure finance as an argument to urge lawmakers to pass legislation reclassifying some munis as high-quality liquid assets.
Vendors, dealers, and regulators say that the integration of sometimes subjective markup disclosure rule requirements into existing broker-dealer systems is proving to be a heavy lift for the industry.
A newly-published MSRB document is aimed at helping to reign in what the SEC has described as fairly widespread violations occurring at smaller municipal advisory firms.
