Puerto Rico

Puerto Rico's unemployment rate fell to 15.0% in February from 15.2% in January.

Dozens of dealer sales of Puerto Rico bonds to customers that violated the $100,000 minimum denomination requirement, and were then cancelled, have been erased from EMMA or altered as if they never occurred.

Puerto Rico's leaders are at odds with each other over a potential privatization of the Puerto Rico Electric Power Authority.

Puerto Rico's Economic Activity Index was unchanged in January compared to December.

FINRA is examining allegations that broker-dealers violated bond documents and municipal rules by trading bonds from Puerto Rico's recent $3.5 billion general obligation deal to customers in sizes less than the required $100,000 minimum denomination.

Net revenues at the Puerto Rico Highway and Transportation Authority came in 5.2% better than budgeted in the first six months of its fiscal year, the authority reported.

It didn't take long for several broker-dealers to start selling small denominations of Puerto Rico $3.5 billion of general obligation bonds to retail investors in violation of a requirement in the official statement and municipal securities rules.

The Financial Industry Regulatory Authority fined OFS Securities, Inc. in San Juan, Puerto Rico $40,570 and ordered it to pay more than $13,278 in restitution for buying the territory's bonds for its own account and then selling them to customers at prices with excessive markups.

Puerto Rico Gov. Alejandro García Padilla repudiated a bill to guide possible future restructurings of Puerto Rico public corporation finances, saying the proposal ran counter to the administration’s efforts to rebuild the economy.

The Financial Industry Regulatory has a growing list of arbitration claims related to Puerto Rico bonds on its plate as investors seek damages for what they claim was misleading advice about bond funds.