Muni Think

Puerto Rico entities paid millions for rejected proposals, lost $1.1 billion on risky interest rate bets.

Municipal advisors may be subject simultaneously to conflicts of interest that should be fully disclosed under both federal and state law.

The threat of lower tax revenues after the IRS denied the SALT tax workaround isn’t the only worry.

Municipal advisors have a duty of care to their clients that is much more comprehensive, and more demanding.

As cities continue to build upon their fiscally stable condition, a Michigan Senate bill was introduced that could hamper the continued growth and force residents – all taxpayers – to pay more for daily services and infrastructure, while limiting the ability of municipalities to finance vital capital infrastructure including roads, bridges, schools and more.

The SEC has added two events to the existing fourteen events under Rule 15c2-12, which requires certain notice filings with the MSRB’s EMMA system within 10 business days of occurrence.

With all the wrongdoing by powerful players in the public and private sectors, it appears very likely that these players may owe lots of money to bondholders.

Studies of the pricing benefits of the two approaches have been far from conclusive.

The black box gang has always mistaken complexity for sophistication in the realm of financial modeling.

During the new issue pricing period is when institutions place their orders. Independent advisors and their clients are wise to follow the money.