Washington

A Republican congressman said Tuesday he is concerned that the Securities and Exchange Commission's approach to municipal market enforcement risks creating an environment where only big players will get a seat at the table.

State revenues from gambling show weakness despite gambling expansion, according to a report from the Nelson A. Rockefeller Institute of Government.

Former RBC Capital Markets managing director Mel Schonhorst achieved a measure of success after seven years trying to clear his name in a Texas investigation that cost him his job though he was never accused of anything.

Non-dealer municipal advisors should not be allowed to act as placement agents for an issuance of bonds, the Securities Industry and Financial Markets Association told Securities and Exchange Commission chair Mary Jo White in a recent letter.

The Municipal Securities Rulemaking Board on Thursday requested approval from the Securities and Exchange Commission to expand the post-trade data displayed on EMMA.

Lawmakers are concerned about the Securities and Exchange Commission's extensive use of administrative proceedings to enforce securities laws in the wake of the Dodd-Frank Act, a trend that has not extended to municipal cases.

An expected months-long suspension of sales of state and local government series securities is likely to be most challenging for small issues with short defeasance escrows, market participants said.

Former Miami budget director Michael Boudreaux wants the U.S. Supreme Court to grant him immunity from a Securities and Exchange Commission lawsuit that has attracted a lot of attention from issuer officials and attorneys.

Muni professionals who take a Municipal Securities Rulemaking Board-owned qualifications exam on or after April 1 will pay an increased fee of $150, the MSRB announced this week.

The muni market may learn more about how issuers fared under the Securities and Exchange Commission's Municipalities Continuing Disclosure Cooperation initiative after they respond next month to a survey from the Government Finance Officers Association.