Regional News
Lockyer Challenges California School's CAB Advisors
Wednesday, October 17, 2012
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California Treasurer Bill Lockyer said he may cut off from state bond deals underwriters and advisors who worked on some of the more egregious capital appreciation bonds issued by local school districts.

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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.

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