SIFMA officials report that they have updated the SIFMA Model Bond Purchase Agreement for Negotiated Municipal Securities Underwritings, which is intended for use in connection with governmental tax or revenue-supported securities such as fixed, variable rate, auction, and credit enhanced securities. The SIFMA model agreement “is not intended for use in connection with conduit financing… Read More >>
BondWave Bolsters Its Fixed Income Platform
Fixed income solutions provider BondWave has added a feature to its Effi platform for fixed income transactions that “allows users to measure their total trade costs and compare them against relevant peers in the marketplace,” officials say. The new feature, Transaction Quality Analysis (TQA), is intended to help end-users access “essential context into the true… Read More >>
RBC Capital Markets Resolves Deal-Flipping Charges
The Securities and Exchange Commission has ordered RBC Capital Markets to pay “more than $800,000 to resolve charges that it engaged in unfair dealing in municipal bond offerings.” While RBC Capital Markets neither admits nor denies the SEC allegations, it has agreed to pay the financial penalty and be censured. In a related settlement, two… Read More >>
