To view the Executive Summary, click here. If you are a BDA Member, you can click here to download the full report in the Member Resources section. Please contact Jen Elmi to get a password.
Author: Bond Dealers of America
2013 BDA Fixed-Income Compensation Survey
As the only organization representing the unique interests of securities dealers and banksfocused primarily on the U.S. fixed income markets, the Bond Dealers of America (BDA) ispleased to present the results of the Fifth Annual Fixed-Income Dealer Compensation Survey. To download the complete report, please click here.
Near Record Attendance for BDA National Fixed Income Conference
The BDA’s National Fixed Income Conference is the only event of the year for fixed income leadership at securities dealers and banks with a primary focus on the U.S. capital markets. This year, the BDA welcomed over 170 conference attendees from over 60 firms headquartered coast to coast and who were provided an opportunity to…
Report: Congress Should Be Careful if Changing Tax-Exempt Bonds
The Committee for a Responsible Federal Budget issued a report that analyzed and reviewed the tax breaks under discussion as part of tax reform, including a chart with estimates about how much revenue would be generated over 10 years if various reforms were made to the municipal bond tax-exemption. Read full Bond Buyer article here.
The Bond Buyer: MSRB Proposes Consolidated Registration Rule
Mike Nicholas, chief executive officer of Bond Dealers of America applauded the MSRB’s effort. “BDA supports the MSRB’s streamlining of its registration rule so that regulated entities can more easily follow the registration requirements however, as we more closely review the text of the proposed rule changes we will continue to evaluate any potential cost burdens…
BDA Report: Detroit in Context: Understanding Municipal Defaults and Bankruptcy
Nixon Peabody, LLP has issued a new report at BDA’s request for BDA members, entitled Detroit in Context: Understanding Municipal Defaults and Bankruptcy. The report, available [here], provides an overview for BDA members regarding: How Chapter 9 bankruptcy law may apply in Michigan and other states; Core issues at stake in the Detroit bankruptcy; The power and…
BDA Chair Brad Winges Interviewed by the Bond Buyer on BDA Muni Market Priorities
By Kyle Glazier The Bond Dealers of America will issue a report on municipal bankruptcy in the wake of Detroit’s filing last month, and will also release a best execution proposal for the municipal market, the group’s leaders recently said. BDA president and chief executive officer Mike Nicholas and board chairman Brad Winges talked about…
MSRB Requests Comment on Fair Pricing Proposals Including Best Execution
This morning, the MSRB released requests for comment on two fair pricing proposals, including one to streamline municipal securities dealers’ existing fair pricing obligations and one on whether to require the use of specific procedures designed to promote fair pricing (known as “best execution”). A copy of the press release and links to the concept…
The Bond Buyer: Senate Confirms New SEC Commissioners
By Kyle GlazierAugust 2, 2013 The Senate confirmed Michael Piwowar and Kara Stein as members of the Securities and Exchange Commission by unanimous consent Thursday evening. To view story, click here.
BDA Submits Comment Letter to SEC on MSRB Retail Order Period Proposal
This letter closely follows the letter BDA submitted to the MSRB in November 2012 [here], but expands upon some arguments which were addressed by the MSRB in the Federal Register notice which you can view [here.] You can read the final letter to the SEC [here.]