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The Securities and Exchange Commission's municipal securities office added another attorney advisor to its ranks when former McGuireWoods LLP lawyer Cori Shepherd joined in December.
January 13 -
The Securities and Exchange Commission on Friday released long-awaited guidance on its municipal advisor registration rule, less than one business day before the rule becomes effective.
January 10
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The Municipal Securities Rulemaking Board on Thursday released a new draft rule that would govern the conduct of municipal advisors, alarming broker-dealers who fear a prohibition on business outside of an advisory relationship with an issuer could push dealer-affiliated MAs out of the market.
January 9
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The Municipal Securities Rulemaking Board has released a new draft rules governing the conduct of municipal advisors, and is requesting comment on whether it should extend a fiduciary duty standard to cover all clients of municipal advisors rather than municipal entity clients exclusively.
January 9
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Two groups are asking the Securities and Exchange Commission to delay the municipal advisor rule compliance deadline until July 1 for asset managers who manage swaps or securities-based swaps in the portfolios of their municipal clients. They also asked for an exemption from the rule.
January 8
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The Municipal Securities Rulemaking Board's revenue fell 2% in fiscal year 2013 from the previous year, due to decreases in revenue from both underwriting fees and fines for rule violations, according to data included in the self-regulatory organization's annual report.
January 8
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The Municipal Securities Rulemaking Board on Thursday will propose core standards for the conduct of municipal advisors, including regarding their fiduciary duty to put clients' interests first, disclosure and professional conduct responsibilities, and required expertise.
January 7
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The Depository Trust Co. has submitted to the Securities and Exchange Commission a flat fee increase for multi-CUSIP municipal bond transactions, rather than the higher per-CUSIP fees it discussed earlier that riled market groups.
January 7
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The National Federation of Municipal Analysts announced Susan Dushock as its new chairman and other new board of governors officers for 2014 on Monday.
January 6
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The Municipal Securities Rulemaking Board is seeking applications to fill seven spots that become available Oct. 1.
January 6
