Securities law

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.

Groups active in the muni market are spending millions of dollars to influence policy and elect candidates, records show.

The whistleblower responsible for federal investigations and lawsuits accusing banks and broker-dealers of fraud and collusion in the remarketing of variable rate demand obligations will likely be forced to go public because of a recent ruling by Massachusetts’ highest court.

The MSRB, SEC, and FINRA will host an outreach event early next year as muni advisors prepare for a new principal exam among other requirements.

Key SEC officials responsible for muni rulemaking and enforcement said they don't feel disclosure has been adversely impacted due to fears stoked by the Municipalities Continuing Disclosure Initiative.

The Bond Dealers of America has formed a Fixed Income Market Structure Working Group to advise regulators, lawmakers and market participants on structural changes in the fixed income industry and marketplace.

Gary Hall, who became the new MSRB chair on Monday, says he has a "reverence" for the muni market.

SEC and MSRB officials responded to the concerns and frustrations of bond lawyers who were meeting in Chicago.

SIFMA is publishing a new model document that it says should help underwriters avoid regulatory risk.

Incoming NABL president Dee Wisor wants the group to be more active in Washington.

The MSRB is hoping that new guidelines will encourage more conversation between its staff and the broker-dealers and muni advisors it regulates.