Washington

As Rep. Devin Nunes joins the executive committee of Trump’s transition team, some state and local officials worry he will gain support for his controversial pension bill next year.

Miami city commissioners will be asked Thursday to approve their first bond issue since a federal jury found the city guilty of violating securities fraud charges and paying a record $1 million settlement.

Republicans say if federal agencies don’t hold off on finalizing rules, they’ll face scrutiny and possible action by Congress.

Securities and Exchange Commission chair Mary Jo White on Tuesday said the numerous violations the commission's municipal continuing disclosure enforcement initiative uncovered may mean the SEC needs direct regulatory authority over issuers.

The Municipal Securities Rulemaking Board wants to amend its proposal to require dealers to disclose their markups and markdowns in certain transactions by lengthening its implementation timeline and clarifying provisions that market participants have criticized.

Former Miami budget director Michael Boudreaux has been ruined financially fighting securities fraud charges and cannot pay a $450,000 civil penalty sought by the Securities and Exchange Commission, his attorney argued in a court filing Monday.

Issuers, borrowers, and MAs disagree that they violated state and local government series securities (SLGS) rules.

The heightened focus on disclosure in green bonds could inspire better disclosure practices in the larger municipal bond market, S&P Global Ratings said in a report this week.

Securities and Exchange Commission chair Mary Jo White announced today that she will leave her position at the end of the Obama administration.

Municipal market groups and other market participants are recommending that the Municipal Securities Rulemaking Board focus its future strategic priorities on improving its EMMA system and transparency as well as cost-benefit analyses of its rulemaking.