Broker dealers

The board is seeking one municipal advisor, one broker-dealer and two public representatives to join the board for FY 2026.

"The market is strong right now, and we expect that to continue into next year," Loop's head of public finance Bo Daniels said.

The Financial Industry Regulatory Authority adds Morgan Stanley to the growing list of firms charged with mark-up and mark-down failures on municipal securities transactions.

The amendments to MSRB rule A-12 on registration would cause bank dealers to disclose associated persons, the same requirements that currently apply to non-bank dealers.

The acquisition comes as the Philadelphia-based firm has been in growth mode.

Rating agencies approve of AI-managed infrastructure and trading desks are automating.

The latest round of criticism sounds the alarm bells for closer examination and further exemptions for certain trades and certain broker dealers.

"It'll be very interesting to see when an event happens or the market get sloppy, what the secondary market does," said a sellside panelist at a Bond Buyer market outlook panel in Florida.

The amendments add three new scenarios that warrant disclosure under MSRB Rule G-47 on time of trade disclosure.

A letter co-sgned by Bond Dealers of America and the Securities Industry and Financial Markets Association urges the Municipal Securities Rulemaking Board to institute its 2024 rate card, for fear that reverting back to 2023 levels would be disruptive for dealers.