The Securities and Exchange Commission is arguing it can't fight a lawsuit challenging a revised rule to curb municipal securities pay-to-play activity because the fiscal 2016 appropriations act prohibits it from spending money on any rules governing political contributions.
California Treasurer John Chiang announced that municipal finance firms seeking state business will be required to certify that they will make no contributions to local bond election campaigns in the state.
Detroit, already facing headwinds with its first post-bankruptcy general obligation/distributable state aid backed sale, could suffer some spill due to the states disruption of a similar security on some of Detroit Public Schools' bonds, one municipal market participant suggested.
We are hearing so much these days about socially responsible investing, sustainable investing, impact investing, and investing based on ESG criteria meaning environment, social and governance. But what does it all mean? This workshop will help learners understand how the history of SRI has led to current practices and principles, with an emphasis on concepts and strategies related to fixed income investing.