Bond Dealers of America – Page 32 – Bond Market Association

Bond Buyer Article Covering BDA’s Pushback on the SEC to Reject the PFM and NAMA Requests to Avoid Broker-Dealer Regulation

Read the Bond Buyer article on this issue – HERE.

BDA Urges SEC to Reject the PFM and NAMA Requests to Avoid Broker-Dealer Regulation

After much consultation with the BDA Municipal Division and Legal and Compliance Committee leadership, along with BDA outside counsel-Nixon Peabody and Davis Polk, the BDA has submitted a letter to the SEC strongly opposing the recent requests for guidance regarding private placement activity by non-dealer municipal advisors. The BDA learned late last week that the SEC is…

BDA Releases a GSE Reform “White Paper” as the Debate on a Housing Finance Overhaul Heats Up

In the coming weeks, Treasury Secretary Steven Mnuchin, Housing and Urban Development Secretary Ben Carson and Federal Housing Finance Agency Director Mark Calabria are all scheduled to testify before Congress regarding the Trump Administration’s plan to reform Fannie Mae and Freddie Mac. The administration’s blueprint document on a reform plan is likely to be released…

EVENT RECAP: Institutional Fixed Income Roundtable

On Thursday, August 22nd, over 50 fixed income leaders from BDA member firms attended BDA’s Institutional Fixed Income Roundtable at the Ritz-Carlton in Dallas, TX. Attendees heard from taxable and municipal market experts, engaged in active discussions on fixed income market disintermediation, new liquidity providers, market dynamics and trends, issuance expectations, and the buy-side outlook. Following…

Recap: Institutional Fixed Income Roundtable – August 22nd

The Bond Buyer: Muni advocacy growing and more focused

by: Kyle Glazier A larger, more focused and more collaborative municipal market lobby has emerged in Washington, as middle-market dealers, bond lawyers and other interests seek more specific and effective representation on muni-specific issues. That evolution of muni advocacy has been in progression for years, but was further galvanized by the market’s collective shock and…

Loop Capital Markets LLC Joins The Bond Dealers of America

We are very pleased to announce that Loop Capital Markets LLC is the newest member of the Bond Dealers of America. The BDA represents over 70 firms headquartered nationwide and continues to be the primary representative and voice in Washington, DC when advocating for the interests of fixed income dealers whose primary focus is the US capital markets.…

BDA Submits Letter in Support of Recent FIMSAC Proposal

Today, after consultation with various members and Committees, the BDA summited a letter to FIMSAC in favor of their recent proposal titled, “Preliminary Recommendation Regarding Certain Principal Transactions with Advisory Clients in Negotiated Municipal Underwritings.” In the letter, the BDA urges the FIMSAC to adopt the Municipal Securities Transparency Subcommittee’s Recommendation for a rule change…

BDA Submits Response to SEC Regarding Recent PFM Request for Interpretative Relief

After extensive feedback from BDA membership and consultation with various Committees, the BDA has submitted a letter to the SEC in response to a fall 2018 Request for Interpretative Relief from the municipal advisory firm PFM regarding private placements. The letter can be viewed here. BDA Response The letter submitted addresses directly the problems that…

EVENT RECAP: BDA Holds Public Finance Leadership Roundtable on June 20th – Chicago, IL

On Thursday, June 20th, the BDA held its Public Finance Leadership Roundtable at Quarles & Brady’s offices located in Chicago, Illinois. The roundtable was attended by over 30 representatives at BDA member firms and was sponsored by Quarles & Brady and Lumesis. The discussion focused on the most recent market and regulatory topics facing middle-market…