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For anyone still not convinced that Build America Bonds are transforming state and local government finance, behold a municipal bond mutual fund that has filed a prospectus in French.
February 24 -
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The president of Muriel Siebert & Co. urges investors to consider putting money into tax-exempt munis.
February 22 -
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New York State will cease investigation into the December 2007 sale of auction-rate securities by UBS' former head of municipal securities.
February 19 -
WASHINGTON The Municipal Securities Rulemaking Boards net assets fell to $26.39 million for the fiscal year ending Sept. 30, 2009, down $1.65 million from the previous year as new underwriting assessment fees fell dramatically, according to an audited financial statement and annual report expected to be released by the board today.
February 10 -
WASHINGTON A draft version of a Senate jobs bill widely circulated Tuesday included provisions that would allow several tax-credit bonds to be treated like Build America Bonds through the end of 2010, with issuers receiving a direct subsidy payment from the federal government instead of providing investors with a tax credit.
February 10 -
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Bill Gross, a perennial critic of Fannie Mae and Freddie Mac, also created a windfall profit when he bet against the semi-government mortgage giants.
February 8 -
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The federal government expects to recoup through taxes most of the subsidies it pays on Build America Bonds, according to the federal budget released this week.
February 5 -
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Survey: RIAs and brokers clamor for more alternative investments
January 27 -
In 2009, mutual funds netted a total of $377 billion, with $357 billion, or 95% of that going to bond funds. Outflows from U.S. stock funds were $25.7 billion.
January 27 -
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U.S. District Judge William Alsup said that a 2007 e-mail that a Charles Schwab managing director wrote could prove to be a mea culpa smoking gun since the executive says Schwab should tell investors it misrepresented risks in the short-term bond fund.
January 26 -
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Profits rose from a year earlier in its fiscal third quarter, but declined slightly from the previous quarter.
January 21