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Senate Democrats on Tuesday introduced another bill that would give Puerto Rico broad debt restructuring capabilities.
By Jack CaseyMarch 15 -
Presidential candidate Sen. Bernie Sanders released a plan for Puerto Rico on Monday that proposes extending Chapter 9 bankruptcy protections to the commonwealths municipalities and contains several healthcare and environmental initiatives.
By Jack CaseyMarch 15 -
Sen. Bob Menendez, D-N.J., and several other Senate Democrats introduced two bills on Monday to give Puerto Rico broad restructuring powers as well as better federal tax and healthcare treatment, but the legislative package is likely to face stiff resistance in Congress where many Republicans have opposed territory-wide debt adjustments.
By Jack CaseyMarch 14 -
The Securities and Exchange Commissions Division of Investment Management has issued a guidance document urging funds with exposure to Puerto Rico debt to continually update their disclosures based on the risks associated with their investments.
By Jack CaseyMarch 11 -
Issuers are not likely to change the Securities and Exchange Commission staffs minds about the violations they have disclosed under the commissions municipal self-reporting initiative, the commissions top cop for municipal securities enforcement said on Thursday.
By Jack CaseyMarch 10 -
Most issuers that obtained bank loans in 2015 did not hurt their credit quality, but some had bank loans with terms that adversely impacted credit quality. Increased disclosure of bank loans obtained, as well as their terms, is needed, according to a Standard & Poors report released on Wednesday.
By Jack CaseyMarch 9 -
The Securities and Exchange Commission on Wednesday charged California's largest agricultural water district and two officials with misleading investors about its financial condition when it issued $77 million of bonds in 2012.
By Jack CaseyMarch 9 -
The Senate Banking Committee has scheduled a hearing on March 15 to consider Lisa Fairfax and Hester Peirce, President Obamas two nominees to the Securities and Exchange Commission.
By Jack CaseyMarch 8 -
The Securities Industry and Financial Markets Association wants municipal securities transactions to be closed out within 15 days of settlement, rather than the 30 days proposed by the Municipal Securities Rulemaking Board.
By Jack CaseyMarch 8 -
The Securities and Exchange Commission on Monday charged a Rhode Island agency, its underwriter, and three individuals associated with $75 million of 2010 bonds for a startup video game company with defrauding investors by not revealing the complete financial status of the company or the extent of the compensation arrangement with the underwriter.
By Jack CaseyMarch 7