UBS has settled charges with the Financial Industry Regulatory Authority, agreeing to a censure and a $100,000 fine for failing to include the Non-Transaction Based Compensation indicator when reporting 91,059 municipal securities transactions to the Municipal Securities Rulemaking Board. For this, UBS violated MSRB Rule G-14 on customer transaction reporting, which requires firms to report
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US and the UK are preparing strikes against Iran-backed Houthi rebels who have been attacking commercial ships in the Red Sea. The US is expected to lead the military response against the Houthis after
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Movement in both chambers of Congress may turn into meaningful tax legislation that would affect the municipal bond market, raising hope among market advocates. The House Ways and Means Committee and the Senate Finance Committee are reported to be tinkering with a $70 billion combo deal that would sunset the Employee Retention Credit early which
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The complex relationship between municipal bond issuance and natural disasters is inspiring political debate and conflicting viewpoints with some experts predicting a tidal surge of issuance.  “With or without Congressional intervention, state and local governments are likely to expand medium and long-term borrowing programs to address climate change mitigation and adaptation,” said Tom Doe, president,
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