Providence, R.I.'s lawsuit accusing an actuary of miscalculating savings on pension benefits reflects greater exposure of advisors to liability, experts say.
Providence Suit Intrigues Municipal, Legal Experts
FEB 27, 2013 3:14pm ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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