Washington

FINRA found that the firm failed to include the non-transaction-based compensation indicator when reporting 12,066 municipal securities transactions.

As South Dakota becomes the latest Midwest state to consider property tax reform, some officials are scrutinizing school districts more closely.

The roster change comes as the powerful committee tackles the next surface reauthorization bill.

"The Nominating Committee's goal is to achieve broad representation of the municipal securities market on the MSRB Board of Directors," the committee's chair said.

Nearly a trillion dollars worth of state and local government assets are now being held in Local Government Investment Pools.

The new-issue calendar falls to an estimated $1.154 billion, with $939.1 million negotiated deals on tap and $214.8 million of competitives.

"What we plan to tell the SEC is that municipal securities in general shouldn't be subject to Reg. AB," BDA's Michael Decker said.

Meridiam, ACS Infrastructure Development, Sacyr Infrastructure USA LLC and Plenary Americas are among the firms that have signaled interest in the project.

The long-awaited jobs report paints a mixed picture for market participants: nonfarm payrolls increased by a greater-than-expected119,000 in September, but the unemployment rate rose to 4.4%.

Disruptions to air travel during the federal government shutdown has sharpened the focus on legislation that would divert funds from the Airport & Airway Trust Fund to pay salaries of air traffic controllers.