Washington

FINRA announced the settlement this week, in which RBC agreed to a censure while neither admitting nor denying FINRA’s findings that it violated Municipal Securities Rulemaking Board Rule G-27 on supervision. RBC was not fined.

The Federal Open Market Committee announcement commits it to buying at least $120 billion of securities a month until “substantial further progress” is made on its dual mandate of stable prices and maximum employment, suggesting it will continue well into 2022.

AAPA contends Congress should provide aid to ports as the industry has been hammered by COVID-19.

The Federal Reserve said it will continue to support the economy through massive monetary stimulus until it sees “substantial further progress” in employment and inflation.

It substitutes the $160 billion in direct aid to state and local governments that had been proposed with direct checks to individuals.

The former South Bend, Indiana mayor understands the needs of state and local governments, though he lacks experience running a large organization.

Illinois expects to close by the end of the week on a three-year loan through the Federal Reserve at 3.42%, a steep penalty compared to the state's current trading levels.

The bill includes money for coronavirus vaccine distribution, schools, transit, airports, small business, and the unemployed.

Ken Lind, leader of Nixon Peabody's project finance and public finance group, breaks it down by sectors and financing instruments. He also examines virus-related SEC disclosure guidance plus the planned phaseout of Libor. Paul Burton hosts. (38 minutes). Recorded Dec. 2.

The SEC said the court should oppose SIFMA's motion to include news articles in the proceedings, saying the group relied on only one rationale.