Washington

The memo appears to respond to a March 29 written request by the National Association of Bond Lawyers to Christie Jacobs, director of the IRS Indian Tribal Governments/Tax Exempt Bonds Office to clarify the new law.

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

The pilot program began in May, but was not officially announced by the IRS until last week.

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.

Unless risks materialize, Federal Reserve Bank of Boston President Eric Rosengren see rates being raised gradually until they are "mildly restrictive."

Federal Reserve Bank of Minneapolis President Neel Kashkari thinks it would be wise for the Federal Open Market Committee to take a breather from rate hikes.

Two Federal Reserve officials who vote on interest rates this year downplayed the effects on the economy of the rough October for U.S. stocks.

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

The pre-trade information available on alternative trading systems to broker-dealer participants would likely benefit all municipal securities investors if made more publicly available, the Municipal Securities Rulemaking Board’s chief economist said in releasing a report Thursday that is to be presented to a market structure advisory group next week.