News and Information from Bond Buyer

The Securities and Exchange Commission on Monday charged a Rhode Island agency, its underwriter, and three individuals associated with $75 million of 2010 bonds for a startup video game company with defrauding investors by not revealing the complete financial status of the company or the extent of the compensation arrangement with the underwriter.

Indicator Last Report Forecast Actual Consumer Credit Dec.: +$6.4B Jan.: +$16.75B Jan.: +$10.5B

The Schaghticoke Tribal Nation filed a lawsuit against Connecticut, asserting a casino law is unconstitutional.

Consumer credit increased by $10.5 billion in January to $3.544 trillion, the Federal Reserve reported Monday.

Genesee County, Mich., and the Karegnondi Water Authority’s A2 Moody's ratings remain intact despite the risk associated with Flint’s support for the new water system.

States will share $1.15 billion of federal funding for freight-related highway projects in fiscal 2016.

With a strike deadline looming, New Jersey Transit and a coalition of 11 railroad labor unions are negotiating to avoid a shutdown of its commuter rail system.

The Federal Reserve is obliged to prevent future financial crises and even when monetary policy is zero lower bound the Fed is able to promote expansion, Federal Reserve Board Vice Chairman Stanley Fischer said Monday.

The Fed should be patient while the future outlook is cloudy, Federal Reserve Board Governor Lael Brainard said Monday.

The cities of Midland and Odessa, Texas, are among 11 local issuers in the state’s oil producing region under review for downgrade from Moody’s Investors Service.

The New York City Transitional Finance Authority intends to sell $750 million building aid revenue bonds on March 14 after a two-day retail period.

A labor-owned insurance company based in Washington, D.C.-based, has pledged $25 million in low-cost loans to aid the removal of lead in Flint, Mich.’s contaminated water supply, the city’s mayor said Sunday.

Top-rated municipal bonds were steady at mid-session, according to traders, as two big deals from California and New York were priced for retail investors.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.315% high rate, down from 0.325% the prior week, and the six-months incurred a 0.475% high rate, off from 0.480% the week before.

The Treasury Department said Monday it will sell $60 billion of four-week discount bills Tuesday.

The Federal Reserve’s Labor Market Conditions Index, a compilation of 19 labor market measures, declined to negative 2.4 in February from a revised negative 0.8 in January, first reported as positive 0.4.

Under its new corporate structure, Hilltop Securities can picture itself atop the financial advisory ranks in the not-too-distant future, top executives say.

Since 2010, over 64,000 new beds on more than 100 different campuses across the country have been financed, built and are being maintained by the private sector.

Boston intends to come to market this week with a roughly $140 million sale of Series 2016A new-money GO bonds and an $8.1 million refunding.

The Conference Board’s Employment Trends Index (ETI) declined to 129.09 in February from an upwardly revised 129.15 in January, and is up 2.1% from a year ago, the group announced Monday.