NASD Fines, Censures NCC Over Muni Trade Reporting

Hume, Lynn
October 2004
Bond Buyer;10/18/2004, Vol. 350 Issue 31991, p4
Trade Publication
Reports that the National Association of Securities Dealers has censured and fined National Clearing Corp. for failing to accurately report several municipal securities trades and for not disclosing certain information on disciplinary matters in the United States. Amount to be paid by National Clearing; Previous reporting violations of National Clearing; Municipal Securities Rulemaking Board's implementation of real-time reporting of pricing and other data for municipal securities trades.


Related Articles

  • TBMA Urges Issuers to Review, Seek Improvements in Bond Sale Practices. Hume, Lynn // Bond Buyer;5/13/2004, Vol. 348 Issue 31883, p5 

    Reports that the Bond Market Association has issued a two-page memorandum urging municipal issuers to review their bond sale procedures. Improvement through the adoption of advanced technology; Standardized disclosure language; Elimination of burdensome requirements.

  • The Big Board. Resnick, Amy B. // Governing;Apr2005, Vol. 18 Issue 7, p56 

    Presents information on a system launched by the U.S. Municipal Securities Rulemaking Board which requires that price information for all municipal bond trades be available for the market within 15 minutes of trade. Availability of price information prior to the change; Expectation on the...

  • Monday's Market: Municipals Finish Little Changed Ahead of the Week's Heavy Supply. Monsarrat, Sean; Chesla, Nicholas // Bond Buyer;12/4/2001, Vol. 338 Issue 31277, p2 

    Reports on the activities of the U.S. bond market on December 2, 2001. Impact of the increase in National Association of Purchasing Managers Index in November on the treasury bond prices; Comments by various traders on the status of the municipal bond markets; Indication of an increase in cash...

  • MSRB's Proposed Rule G-28 Change Would Exempt Muni Fund Securities. Hume, Lynn // Bond Buyer;12/23/2002, Vol. 342 Issue 31538, p5 

    Reports on a proposed rule change filed by the U.S. Municipal Securities Rulemaking Board with the U.S. Securities and Exchange Commission that would exempt transactions and accounts involving municipal fund securities (MFS) from rule G-28. Introduction of a professional qualification test for...

  • TBMA Blasts Proposed G-32 Changes as 'Unnecessary and Burdensome' Ferris, Craig T. // Bond Buyer;6/28/2004, Vol. 348 Issue 31914, p4 

    Reports on The Bond Market Association's (TBMA) criticism on the Municipalities Securities Rulemaking Board's proposed amendment to its Rule G-32 which would require underwriters in the U.S. to provide electronic and paper copies of officials statements. Argument of the TBMA that the proposed...

  • Municipal Bond Activities.  // Bond Buyer;9/21/2006, Vol. 357 Issue 32471, p30 

    The article presents a calendar of events in the municipal bond market in the U.S. from September to December 2006. The Municipal Council will host an open house and demonstration of the www.disclosureUSA.org central post office Web site on September 21. The entry deadline for the Bond Buyer's...

  • Municipal Bond Activities.  // Bond Buyer;8/3/2006, Vol. 358 Issue 32437, p7 

    The article presents a calendar of municipal bond activities in the United States from August to November 2006. Standard & Poor's will hold a panel discussion on Current Trends in the Midwest Economy in Chicago, Illinois on August 10. The Bond Buyer will host its first Tourism as Economic...

  • Statistics.  // Investment Dealers' Digest;2/4/2011, Vol. 77 Issue 5, p13 

    Statistics are presented on the financial status and conditions in the U.S. including municipal bond index, securities and brokerage stocks.

  • Post-Labor Day Debut. Hume, Lynn // Bond Buyer;8/5/2004, Vol. 349 Issue 31941, p1 

    Reports on the commencement of the operations of the central post office (CPO) disclosure facility of the Muni Council after Labor Day in the U.S. Efforts of the council to improve secondary market disclosure in the municipal securities market; Reason for the postponement of the start of the...


Read the Article


Sign out of this library

Other Topics