The comment letter focused on the following: Support for Increased Municipal Securities Education; Competency and Continuing Education Standards for Municipal Securities Activities Should be Collaborative and Consistent; Evidence of Compliance with Minimum Firm Element Continuing Education Requirements and Support for Harmonization with FINRA Rule 1032(b). You can view the full comment letter here.
Author: Bond Dealers of America
BDA End of the Year Recap on Legislative and Regulatory Priorities
BDA staff and consultants presented a year-end recap of BDA’s top legislative and regulatory priorities. Please click here for the recording. Please click here for the summary.
BDA Submits Comment Letter: IRS Proposed Regulations Affecting Issue Price
Today the BDA submitted a comment letter to the IRS regarding proposed regulations affecting issue price. Highlights of the letter include discussion of the following: The rules must take into account the reality that municipal securities are bought and sold within the context of a fluid marketplace with capital at risk; The IRS must identify…
BDA In the News: Final Volcker Rule Expands Muni Exemption
In a Bond Buyer article on the approval of the Volcker rule, BDA CEO Mike Nicholas says, “BDA’s members continue to review the final rule for all of its implications for investors, with an eye toward the delicate balance that must be struck between liquidity in the fixed income market and investor protections,” Nicholas said. “So…
BDA Submits Letter to MSRB on "Best Execution" Concept Proposal
A Summary of BDA’s Comment Letter to the MSRB Include: Draw distinctions between the municipal and corporate bond markets and urge the MSRB not to simply cut and paste from FINRA Rule 5310; Recommend that any rule provide for policies and procedures to be put in place rather than being applied on a trade-by-trade basis;…
BDA Submits Comment Letter to MSRB Re: Concept Release on a New Central Transparency Platform
The comment letter focused on the following items: Keeping certain end of day reporting exceptions intact for list offering transactions and RTRS takedown transactions Warned that the dissemination of too many new data elements may confuse the investor Cautioned against the potential to undermine trading strategies Re-iterated a previous concern that shortening the 15 minute…
2013 BDA Conference Public Finance Panel Video
Ronald Bernardi, president and CEO, Bernardi Securities, Inc., moderated a panel discussion on critical municipal bond market topics at the Bond Dealers of America (BDA) annual conference held in Chicago earlier this month. To access video of the panel, click here.
BDA Wraps up 5th Annual Fixed Income Conference
To view the recap, please click here. The full summary complete with presentation links is available only to our members in our Member Resources section, under “Best Practices”. Please click here to view the full summary. If you need a password, contact Jen Elmi at jelmi@bdamerica.org.
MBFA's October 2013 Update on Municipal Tax Exemption Threats
The Municipal Bonds for America coalition has published its latest update on the municipal tax exemption threats in light of recent Congressional action. Click here for the update.
The Bond Buyer: Budget Agreement Could Address Sequestration, Tax Reform
To access full article, please click here.