A story Friday stated that Nassau County, N.Y., had sent an letter to the Securities and Exchange Commission seeking approval for its proposed selling of revenue anticipation notes to buy auction-rate securities. Nassau's bond counsel participated in the letter but it was sent by another law firm seeking approval on similar proposals, and the county was waiting for the SEC's response.
"Nothing motivates enforcement staff more than protecting those who invest their savings in our markets," said David Woodcock, director of the SEC's Division of Enforcement.
Local governments are considering data center moratoriums to give themselves time to determine how to better regulate these facilities and understand their impact on communities.
Financial markets have embraced prediction markets as a mainstream crowdsourced provider of real-time probability signals and risk-hedging tools.
Spiking oil prices and incoming news from the Federal Reserve is pressuring UST yields, which are pressuring munis, according to Schwab's Cooper Howard.
Former Rep. Bill Archer, who chaired the House Ways and Means Committee for three terms, died Saturday at the age of 98 leaving behind a tax writing legacy that began in 1994.
The NJTA is planning to sell three series of revenue bonds Series 2026 A-1 ($570 million), Series 2026 A-2 ($150 million) and Series 2026B ($339.5 million), which received an A1 rating from Moody's.
