The Texas State Securities Board has named John Morgan as the new state securities commissioner.
Morgan was deputy commissioner of the agency for 14 years before retiring in February. His 27 years of experience at the board includes 13 in the enforcement division, eight of them as director of enforcement.
“He is well equipped to meet the continuing challenges of protecting Texas investors in these uncertain times for the capital markets,” said Beth Ann Blackwood, chair of the board.
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
Photos from The Bond Buyer's Texas Public Finance conference.
The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
