Andrew Ackerman

The Municipal Securities Rulemaking Board is exploring state public pension laws to see whether there are types of disclosure in common that they could encourage issuers to submit to its Electronic Municipal Market Access site, board officials told reporters on Jan. 31.

Only half as many municipal advisory firms are registered with the Municipal Securities Rulemaking Board as with the Securities and Exchange Commission, even though advisory firms are required to sign up with both regulators under the Dodd-Frank Act.

The SEC should rein in the ABA's CUSIP Service Bureau and prevent it from charging financial market participants unreasonable and unwarranted fees, say three trade groups.

WASHINGTON — The Financial Industry Regulatory Authority has fined Raymond James Financial Services Inc. and Neuberger Berman LLC for municipal bond rules violations.

A group of California cities and localities are urging a federal judge in Manhattan not to dismiss the 13 cases they brought against Wells Fargo & Co. and 44 other banks, broker-dealers and investment brokers, charging they conspired to rig bids and fix prices of guaranteed investment and derivatives contracts in the muni market.