Securities law

Underwriters and issuers alike have complained about the nature of disclosures under current guidance to the MSRB's rule G-17.

A federal court imposed an unusually stiff financial penalty and a lifetime ban against the already-jailed Christopher St. Lawrence.

Distinguishing abusive `pennying' from less insidious behavior is key, dealers told the MSRB.

Examiners found that Mark Stewart Saunders was improperly relying on permission from a customer's daughter.

The board stands by its chief economist's conclusions after criticism from the Bond Dealers of America.

The MSRB should tread carefully in basing future research or rulemaking on its July study of secondary market spreads, BDA said.

Todd Barker appears prepared to have negotiated a monetary settlement with the SEC, while Dwayne Edwards plans to contest the SEC's motion in court.

Kyle Glazier is the new Washington bureau chief of The Bond Buyer. He succeeds longtime bureau chief Lynn Hume, who has retired after more than three decades on the job.

Next month's event may also give attendees a rare chance to hear about muni issues directly from every commissioner.

FINRA found, and the SEC upheld, muni and other rule that violations Thaddeus North failed to prevent as chief compliance officer.

The defense team accused the SEC of a "gross abuse of power."

The first meeting for several new board members included discussions with other regulators and groups, the MSRB said Monday.

The number of MSRB-registered dealers has fallen by almost one-third since 2009 and FINRA and the MSRB have some concerns about it.

The municipal securities market is slowly looking more like the stock market.

A muni advisor facing an enforcement action could use a Supreme Court decision on gambling as a defense, a bond lawyer says.

The impact of the 2008 crisis led Congress and the MSRB to reshape many of the ways business is done in the municipal bond market. Part 1 of The Bond Buyer's series on the decade after the financial crisis.

Regulators already have a template around which to build an exemption from Volcker for tender option bonds, wrote SIFMA's Michael Decker.

The MSRB needs to better explain the mock advertisements in its compliance resource, a pair of industry groups told the board this week.

In their pleading, banks said the plaintiff is "precisely the sort of 'busybody' " that is prohibited from making such claims.

The committee tasked with providing insight on the muni and corporate bond markets is meeting again in two weeks.