The Jeffrey Matthews Financial Group has been fined by FINRA for failing to achieve compliance with Regulation Best Interest.
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The high-yield sector continues to show strength, with inflows of $364.4 million for the week ending Wednesday, marking 13 straight weeks of inflows, according to LSEG Lipper.
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Chicago Transit Authority CFO and Treasurer Jeremy Fine is leaving the agency, CTA President Dorval Carter, Jr., announced.
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One-time spending, rainy-day funds and fare hikes are forming a rickety bridge for crossing the transit funding ravine.
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The new-issue calendar is at $9.7 billion the week, led by the Texas Transportation Commission with $1.7 billion of first-tier and second-tier revenue refunding bonds.
July 19
The steady demand for municipal bonds in high-risk areas underscores the complex relationship between climate change and financial markets.
With a myriad of challenges facing state and local governments to fund vast infrastructure needs amid a shifting climate and severe weather events, there are government officials across the country that have begun to address them head on. Paying for them is one of the biggest challenges.
As EVs and fuel-efficient cars become more common, states and Congress are eying alternative revenues like road user charges.
Economist Sean Snaith joins the podcast to share insights on Florida's economic growth, housing market issues, and labor market trends.
The privately owned, high-speed rail system in the U.S. recently refinanced and broke ground on a new line in the west.
Finance officials for the city decided to be the first municipal issuer to use the distributed ledger technology for a $10 million deal, banking on cost savings, better liquidity and more access for retail investors to their bonds. Mayor Tom Koch, CFO Eric Mason and Strategic Asset Manager Rick Coscia say it should be the first of many deals for the industry.
Fiduciary responsibilities and politics are keeping the ESG debate alive in public finance.
Ohio legislators are mulling a bill that would bar the state's pension systems, universities and Bureau of Workers' Compensation from pursuing ESG investing.
Without legislation, the Supreme Court's Chevron ruling makes it "less likely" the U.S. will meet its stated climate goals, said Moody's Investors Service.
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"Lobbyists have to be prepared for any eventuality," said Chuck Samuels, attorney at Mintz Levin and counsel to the National Association of Health & Educational Facilities Finance Authorities.
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State DOT procurement practices impact project costs, according to the latest study to tackle the persistent question of why U.S. infrastructure costs are higher than those of other countries.
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The sale reflects the strength and demand of New York state paper.
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Public pensions are averaging a significantly improved 80.6% funded ratio, but took on riskier investments to obtain higher returns, which would be problematic in a market correction.
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Municipal bond mutual funds saw inflows as investors added $891.4 million to funds after $775.3 million of inflows the week prior, according to LSEG Lipper.
July 18