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The proposed transition regulation addresses the possibility that such a modification of a debt instrument, derivative, or other financial contract could be a taxable transaction for federal income tax purposes or could result in other tax consequences.
October 8
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Issuance using the new Secured Overnight Financing Rate has risen to $265 billion since the beginning of 2019.
October 7
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The Bourne and Sagamore bridges over the Cape Cod Canal are functionally obsolete, according to their owner, the Army Corps of Engineers.
October 7
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Administrative failures or a lack of understanding of the rule may be to blame.
October 7
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The U.S. economy’s loss of momentum isn’t severe enough to warrant a further reduction to interest rates, two hawkish Federal Reserve board members said.
October 7
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Municipal advisors can begin taking their principal exams in November.
October 4
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The Securities and Exchange Commission is seeking comment on exemptive relief for municipal advisors in some activities in private placement deals, eliciting fierce resistance from broker-dealer groups.
October 3
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Issuers look for more options in their private placement deals amid conversation on broker dealers’ and municipal advisors’ roles.
October 3
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Assured Guaranty and two other bond insurers recently petitioned the Supreme Court to review an appellate court ruling involving the Puerto Rico Highways and Transportation Authority’s special revenue bonds.
October 2
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The Financial Industry Regulatory Authority previously sanctioned UBS in 2015 for similar violations.
October 2
