Underwriters & Dealers
SEC Sets Rule for Muni FAs
Oct. 1 Deadline For Registration
By Lynn Hume, Andrew Ackerman | Sep 03WASHINGTON — The Securities and Exchange Commission Thursday announced that it has adopted a temporary rule requiring municipal advisers to register with it by Oct. 1 to comply with the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act. [FREE]
TD Bank Could Sue Harrisburg
City Set to Miss Debt Payment
By Michelle Kaske | Sep 02Dauphin County Wednesday authorized TD Bank to pursue legal action against Harrisburg, as Pennsylvania’s capital city said it will not meet payments due Dec. 15 on $35 million of incinerator bonds. [FREE]
New York MTA Delays Underwriter Oral Presentations for a Month
By Ted Phillips | Sep 02New York’s Metropolitan Transportation Authority has delayed for a month oral presentations in the selection of underwriters and swap counterparties, the agency confirmed Wednesday.
N.Y. Court Sets Date for Trial Over MBIA Restructuring
By Patrick McGee | Sep 02Policyholders contesting bond insurer MBIA Inc.’s February 2009 restructuring will soon have their chance in court to try and overturn the decision that allowed the transformation to take place.
Low Yields No Help In August
Volume Dips 25% From Last Year
By Patrick McGee | Sep 01Record low yields failed to spur issuers to action in August, as total municipal volume fell 25.1% from a year ago, with issuance in nearly every sector declining in the taxable and tax-exempt markets. [FREE]
Veteran iMoneyNet.com Editor Connie Bugbee Retires
By Christine Albano | Sep 01Connie Bugbee has retired from her position as managing editor of iMoneyNet.com after a 29-year career of reporting, editing and producing data on money market funds for analysts, investors, Wall Street and the financial press, and managing a mutual fund trading desk.
Nixon Peabody Makes Attorney Kenneth Lind a Partner
By Ted Phillips | Sep 01Public finance attorney Kenneth Lind was made partner at Nixon Peabody LLP, the firm announced Tuesday. Lind has served as bond counsel at the firm’s New York City office since leaving the state Metropolitan Transportation Authority in January 2008, where he had been acting finance director.