Washington

The Securities and Exchange Commission is seeking a $450,000 civil penalty against former Miami budget director Michael Boudreaux, who refused to reach a settlement after a jury found him guilty of securities fraud.

MSRB executive director Lynnette Kelly tells the SEC's Investor Advocate what retail muni investors need.

Five are named to the MSRB's Investment Advisory Board for 2017.

Donald Trump's plans to dismantle the Dodd-Frank Act and impose a moratorium on new regulations could affect the municipal bond market.

The stage for is set for historic tax reform that could imperil the tax exemption for municipal bonds.

The Municipal Securities Rulemaking Board's proposal to require dealers to disclose their markups and markdowns in certain transactions is long overdue and will greatly benefit retail investors, said the Securities and Exchange Commission's Investor Advocate.

Scottrade has agreed to pay $150,000 to settle Financial Industry Regulatory Authority charges that it did not identify bonds as callable in approximately 5,000 municipal securities transactions.

The worst is yet to come in the SEC's enforcement of municipal disclosure efforts, and it will be very costly for the issuers who missed the boat.

The par amount of municipal trades continued to grow in the third quarter of 2016, reaching a three-year high and beating the total from the third quarter a year ago by more than 50%, according to recently released Municipal Securities Rulemaking Board statistics.

The Municipal Securities Rulemaking Board wants to amend several of its rules to both create a municipal advisor client complaint process as well as update and streamline its current requirements related to dealer customer complaints.