The proposed rule also would prohibit an engagement with a state or local government where an "unmanageable" conflict exists, such as kickback payments to the municipal
advisor from third parties.
Committee members were concerned that a bill prohibiting cities from forming municipal
utilities will be reintroduced next week when the state Legislature reconvenes.
Still, how can you choose among the 1,845 municipal
bond funds tracked by Chicago-based Morningstar Inc.
An example: A few years ago, some executives I know bought Washington Power municipal
bonds that carried an 11.
Common shareholders of each of Putnam Investment Grade Municipal
Trust and Putnam Municipal
Bond Fund will receive a confirmation indicating their new account number and the number of common shares of Putnam Municipal
Opportunities Trust received.
advisory business should refer to the municipal
securities provisions of the Dodd-Frank Act and consult with legal counsel if there is uncertainty regarding whether the firm must register as a municipal
That knowledge base means that Rice Financial is in head-to-head competition with the municipal
derivatives operations of such Wall Street titans as Merrill Lynch & Co.
Court salaries are increased automatically when state employees get a raise.
For example, the chief justice of the state Supreme Court now has the authority to assign qualified Municipal
Court judges to handle Superior Court cases.
It was deals like these that characterized municipal
finances heyday during the '80s.
More tendency to litigate disputes of the type Municipal
Key organizations were cooperating to determine how to cleanse a soiled relationship: the Public Securities Association, which represents underwriters, traders and sellers of municipal
securities; the Municipal
Securities Rulemaking Board (MSRB), the industry's self-regulatory agency, and the Securities and Exchange Commission (SEC), which can ratify MSRB suggestions.