Dealer groups said Tuesday that they support Municipal Securities Rulemaking Board proposed rule changes on retail order periods, but non-dealer financial advisors warn issuers can be exploited, with underwriters simply determining for them which "retail" investors can buy the bonds in offerings.
Gilt-edged Georgia plans to competitively price up to $842 million in general obligation bonds June 26 in a multi-faceted deal that could have broad investment appeal.
A recent research paper suggests widespread violations of MSRB fair pricing rules are rampant in the municipal market. But scratching just below the surface reveals serious flaws in the methodology and assumptions underlying the authors' conclusions.
Photos from The Bond Buyer's 2nd Annual Symposium on Distressed Municipalities, held March 18-19 at the Omni Providence Hotel in Providence, Rhode Island.
across the site?
