View the full Bond Buyer article [here.] View BDA’s comment letter on MSRB’s proposed new Central Transparency Platform [here.]
Author: Bond Dealers of America
BDA Submits Comment Letter to MSRB: Proposed New Central Transparency Platform
The letter states, in part, “As we have expressed in the past, one of the BDA’s most important policy priorities is to improve transparency within the municipal markets and we provide these comments from a platform of tremendous support for any measures that will improve market transparency but, in particular, technological improvements that will provide…
In the News: Bipartisan Bond Resolution Introduced in House to Gain Support for Munis
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Ways and Means Committee Announces Hearing on Tax Reform and Tax Provisions Affecting State and Local Governments
The hearing will take place on Tuesday, March 19, 2013 10:00 AM and will examine the array of Federal tax provisions that affect State and local government operations and financing, including tax-exempt bonds, tax-credit bonds, “direct-pay” bonds, pension and retirement provisions and payroll tax provisions, among others.
BDA Submits Comment Letter: MSRB Proposed Rule G-47
The BDA supports the incorporation of interpretive notices into rules as it serves to provide much desired clarity to market participants such as dealers, investors and regulatory examiners, however we outline some concerns. View the full letter [here.]
BDA Submits Comment Letter to FINRA Relating to Recruitment Compensation Practices
In its letter, the BDA outlined its concerns with the proposed regulation noting the purpose of client protection would not be served by the current rule as drafted. View the full letter [here.]
BDA Submits Comment Letter to the MSRB Regarding Rules and Interpretive Guidance
In its letter, the BDA outlines concerns with EMMA, MSRB Rules G-17, G-30 and others. The BDA also asks that MSRB rule language be more objective so that they are sufficient to provide guidance as to how such rules should be enforced. View the full letter [here.]
The Bond Buyer: Senate Budget Committee Chair Calls for Tax Expenditure Cuts
View the full Bond Buyer Article [here.]
The Bond Buyer: IRS Taxpayer Advocate Pushes for Overhaul of Tax Expenditures
By: Lynn Hume – Wednesday, January 9, 2013 The Internal Revenue Service’s National Taxpayer Advocate is urging Congress to make tax reform its highest priority and to simplify the federal tax code by reassessing the need for every tax expenditure, including the exclusion of tax-exempt municipal bond interest from income. Nina E. Olson made the plea…
BDA Submits Letter to FINRA on Revised Proposal to Identify and Manage Conflicts Involving Debt Research Reports
In the letter, BDA reiterated concerns regarding FINRA’s revised debt research proposal and offered suggestions for consideration. View the full letter [here.]