Blog

Our experts frequently write blog posts about the findings of the research we are conducting.

Displaying 371-376 out of 376 results for "Muni Markup Week".

FINRA Press Release: FINRA Sanctions Citigroup

(May 2010)

Citigroup Pays $1.5 Million for Supervisory Failures Related to Elaborate Scheme to Misappropriate Millions in Trust Funds Belonging to Cemeteries Located in Michigan and Tennessee

The Financial Industry Regulatory Authority (FINRA) issued a press release this week announcing that

"it has imposed a monetary sanction of $1.5 million against Citigroup Global Markets Inc. for supervisory violations relating to its handling of trust funds belonging to cemeteries in Michigan and Tennessee....

FINRA Press Release: Auction Rate Securities

(May 2010)

FINRA Fines Nuveen $3 Million for Use of Misleading Marketing Materials Concerning Auction Rate Securities

The Financial Industry Regulatory Authority (FINRA) issued a press release this week announcing that

"it has fined Nuveen Investments, LLC, of Chicago, $3 million for creating misleading marketing materials used in sales of auction rate preferred securities (ARPS). The Nuveen Funds' ARPS were a form of auction rate securities, which are long-term securities with interest rates or...

FINRA Press Release: HSBC Securities

(Apr 2010)

FINRA Fines HSBC Securities (USA) $1.5 million, US Bancorp $275,000 for Auction Rate Securities Violations

The Financial Industry Regulatory Authority (FINRA) issued a press release today announcing that

"it has settled charges with two additional firms relating to the sale of auction rate securities (ARS) that became illiquid when auctions froze in February 2008 - HSBC Securities (USA) and US Bancorp Investments, Inc."

The settlement is detailed in the FINRA AWC No. 20080130571...

FINRA Regulatory Notice: Reverse Convertibles

(Feb 2010)

FINRA Reminds Firms of Their Sales Practice Obligations With Reverse Exchangeable Securities (Reverse Convertibles)

The Financial Industry Regulatory Authority (FINRA) published Regulatory Notice 10-09 reminding financial firms selling reverse convertibles notes (RCN) to provide fair and balanced sales materials and communications, including proper statement on the risks associated with such notes.

In an upcoming SLCG study on RCN, we have found that investors of RCNs have been...

FINRA Investor Alert: Municipal Bonds

(Jun 2009)

Municipal Bonds-Staying on the Safe Side of the Street in Rough Times

The Financial Industry Regulatory Authority (FINRA) published an Investor Alert on municipal bonds. This provides a thorough background on municipal bonds and advice on investing.

There are certain risks in investing in municipal bonds. For example, the municipality issuing the municipal bonds can default, leading to the loss of some (if not all) interest and principal to the investor. This is called default risk....

FINRA Investor Alert: Auction Rate Securities

(Nov 2008)

Auction Rate Securities: What Happens When Auctions Fail

The Financial Industry Regulatory Authority (FINRA) published an Investor Alert on auction rate securities (ARS). This provides quite a thorough background on ARS, their auction mechanism and risks of failure, alternatives to ARS, and redemption and liquidity issues.

ARS are issued widely by institutions ranging from closed-end mutual funds, municipalities to student loan trusts. ARS are long-term floating rate securities whose...

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