Washington

The Financial Industry Regulatory Agency's director of fixed income recently tried to dispel some myths about the agency's oversight of municipal advisors and detailed its plans for examinations.

The Municipal Securities Rulemaking Board got the go-ahead from the Securities and Exchange Commission to consolidate muni dealers' existing fair-pricing obligations into a single rule.

The Municipal Securities Rulemaking Board has released guidance on its new consolidated registration rule, which seeks to streamline the process for municipal advisors as well as broker-dealers.

Former CDR Financial Products, Inc. employees Douglas Goldberg and Daniel Naeh were not given any prison time or probation when sentenced on Thursday after pleading guilty in 2010 to multiple criminal charges for participating in wide-reaching bid rigging schemes in the municipal market.

Puerto Rican investors in municipal bond closed-ended funds run by UBS AG, Banco Popular and Popular Securities sued the firms.

The Municipal Securities Rulemaking Board is revising its proposed rule governing the duties of municipal advisors in response to market comments, and will also propose amending its pay-to-play rule to cover MAs, the MSRB announced Tuesday.

Municipalities struggling with fiscal distress need to be especially mindful of fulfilling their continuing disclosure obligations, regulators and analysts said Friday.

National Association of Local Finance Housing Agencies has re-elected Ernestine Garey, from Invest Atlanta as its president, plus other officers and directors.

The Securities and Exchange Commission will release new rules for the reform of money market mutual funds "in the near term," although it has not decided whether they should would apply to municipal funds, SEC chairman Mary Jo White told a House panel Tuesday.

The impact of technology on the financial markets was discussed at a Milken Global Conference panel on changes wrought by regulations passed in the wake of the financial meltdown of 2008.