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Displaying 5 out of 5 results for "Puerto Ricof=Litigation Summary".

La Historia Reescribe la Junta de Reglamentos de Valores Municipales

(Mar 2014)

Kyle Glazier y Lynn Hume, escritores del artículo publicado la semana pasada en Bond Buyer : "Corredores Violan Declaración Oficial de Puerto Rico, MSRB (Junta de Reglamento de Valores Municipales en inglés) Vota a Favor de Transacciones al Detalle" hablan del desastre causado por la venta de pequeñas denominaciones de Bonos de Puerto Rico que van en contra del documento de oferta de dichos bonos. Los artículos "FINRA Examinando Compraventa de Bonos de Puerto Rico" y "FINRA Dice Estar...

The MSRB Re-Writes History

(Mar 2014)

Kyle Glazier and Lynn Hume's story in the Bond Buyer last week, "Brokers Violate Puerto Rico OS, MSRB Rules with Retail Trades", about small denomination trades in the recent Puerto Rico bond offering in contravention of the offering document set off a firestorm. The Wall Street Journal's "Finra Examining Trading in Puerto Rico Bonds" and Bloomberg's "Finra Says It's Examining Trading in New Puerto Rico Bonds" both reported on Friday that FINRA was looking into the suspect trades.

What did...

Municipal Bond Markups are Still Excessive

(Mar 2014)

Monday's Wall Street Journal article, Muni Bond Costs Hit Investors in Wallet: Investors Pay Twice as Much for Municipal Debt as for Corporate Bonds, points out yet again that investors pay far more to buy and sell municipal bonds than they pay to buy and sell similar quantities of corporate bonds or common stocks. The article cites a recent S&P study that finds investors buying a $100,000 municipal bond pays an average spread of 1.73% or $1,730 - twice as much as the 0.87% average spread...

The Effects of ETF Turnover

(Oct 2012)

Lately there has been a lot of turnover in exchange-traded funds (ETFs), as we noted back in August. InvestmentNews has a great summary of what has happened this year, with 86 funds having closed so far in 2012. They note the important consequences of an ETF closing for investors and advisers:

Even though they are more routine, ETF closings still can create ripple effects that reach financial advisers and their clients. "For an adviser, the worst thing that can happen is, you recommend an ETF...

The "New" Non-Traded REITs Look a Lot Like the Old Ones

(May 2012)

Yesterday's Wall Street Journal had an article describing the "new versions" of non-traded real estate investment trusts (REITs), which purport to solve some of the transparency issues which have made non-traded REITs the subject of regulatory scrutiny. In particular, several non-traded REITs are now offering daily updated net asset values (NAV) in an attempt to calm concerns regarding the lack of transparency in the pricing of non-traded REITs.

However, a review of the prospectus for...

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