A recent enforcement action in which the Securities and Exchange Commission charged a former dealer with improperly submitting institutional orders as retail orders underscores the SEC's focus on protecting retail investors and cracking down on the manipulation of retail order periods. On Tuesday, Eliseo Sampayo, a former broker-dealer at Jefferies

Talent, Oregon, a small town decimated by one of a dozen fires that have burned close to 1 million acres in the state, had its rating placed on review for downgrade by Moody’s Investors Service. The review for downgrade applies to $2.7 million in 2013B certificates of participation that Moody’s rates.

Fed Chair Jerome Powell said the

Ballard Spahr partner Teri Guarnaccia is

The Florida Cabinet authorized the issuance of $1.78 billion of new money and refunding bonds, some of which may be sold as taxable debt with advance tax-exempt refundings no longer possible. Florida typically borrows on a tax-exempt basis, but $1.46 billion of the borrowings approved by the Cabinet Tuesday may be

The New York Yankees stepped up to the plate and took a swing into in the muni market on Tuesday as Goldman Sachs issued a pre-marketing wire for the New York Industrial Development Agency’s revenue refunding bonds. Municipals were little changed as yields remained mostly steady on the AAA GO scales. Muni

Chicago is wrestling with budget troubles

After declining by 11.2% from February to June, Puerto Rico’s economic activity index climbed 2.3% in July. The Economic Development Bank for Puerto Rico released the July figures on Tuesday.Bondholders and the Puerto Rico Oversight Board negotiating the Restructuring Support Agreements on the central government debt may be using the economic

The U.S. central bank’s new guidance on interest rates doesn’t preclude tightening before inflation averages 2% for some period of time, Chicago Fed President Charles Evans said. “We’ve sort of said we’re looking to get inflation up to 2%, and then after that, we could be raising rates and still have

The housing market continues to be the poster child for the economic recovery, with August numbers showing a third straight month of gains, with sales at the highest pace in nearly 14 years. Existing-home sales rose 2.4% in August to a seasonally adjusted 6.00 million pace, up from a 5.86