After consultation with various Committees and members, the BDA drafted and submitted a comment letter on the MSRB’s request for public comment on draft amendments to the interpretive guidance it issued in 2012 on the application of MSRB Rule G-17 on conduct of municipal securities and municipal advisory activities, to underwriters of municipal securities. The comment letter…
Author: Bond Dealers of America
BDA 2018 4Q Update – Advocacy & Representation
MSRB Finalizes Compliance Resource on Application of Content Standards to Advertisements by Municipal Advisors under Rule G-40
Compliance Resource Includes Recommendations Made by BDA The MSRB has published its compliance resource regarding the application of content standards under Rule G-40, on advertising by municipal advisors. The compliance resource notice can be viewed here. The compliance resource was developed through the MSRB’s notice-and-comment process, to which the BDA submitted comments in October and November…
Audio for Select Sessions Now Available – BDA’s 10th Annual National Fixed Income Conference – Washington, DC
Thank you to all attendees, sponsors, and exhibitors for helping to make our 10th Annual National Fixed Income Conference our strongest yet! A detailed summary of our conference is below. Please reach out with any questions or comments. We need your feedback to ensure we continue building a tangibly beneficial conference with the right…
MBFA Executive Committee Submits Thank You Letter to Rep. Randy Hultgren
BDA CEO Mike Nicholas, along with other members of the Municipal Bonds for America (MBFA) Executive Committee, recently sent a “thank you” to Rep. Randy Hultgren (IL-14) for his dedication to preserving the tax-exempt status of municipal bonds and for his support in creating the Congressional Municipal Finance Caucus, which he co-chaired, during his time…
Data Driven Fixed Income Dealer Growth Survey
Trust and Data Drive Fixed Income Dealer Growth was led by Kevin McPartland at Greenwich Associates and surveyed 50 fixed income dealers – both large and regional – examining the current state of the fixed income business, top concerns of both large and middle-market dealers, technology priorities, and the most likely path forward given each firm’s…
BDA responds to MSRB’s report on investor transaction costs when trading munis
The BDA has submitted a letter in response to the MSRB Report entitled, “Transaction Costs for Customer Trades in the Municipal Bond Market: What is Driving the Decline?” The final letter can be viewed here.
BDA’s Fixed Income Legal & Compliance Roundtable Event Recap – October 24th
On Wednesday, October 24, 2018, BDA held the biannual Fixed Income Legal & Compliance Roundtable, hosted by BDA member firm Quarles & Brady. Over 25 attendees participated in this roundtable at which BDA member firms discussed pressing regulatory and legal issues, shared examination experiences and networked at dinner. Full recap below. Please contact us with any…
BDA’s Public Finance Leadership Roundtable EVENT RECAP October 25th – Washington, DC
On Thursday, October 25th, the BDA held its Heads of Public Finance Roundtable in Washington, DC, which was sponsored by Build America Mutual and Quarles & Brady. The roundtable was attended by over 20 representatives at BDA member firms, which provided a venue for information sharing and discussion on the most recent market and regulatory…
BDA sends comment letter to MSRB on draft compliance under Rule G-40
October 17, 2018, the BDA submitted a comment letter to the MSRB on a draft compliance resource regarding application of content standards under Rule G-40. The final comment letter can be viewed here. The comment letter focuses on the following topics: The BDA believes that a number of the mock advertisement examples in the Notice are…