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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
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S&P National Bond Index
|
3.00% |
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S&P California Bond Index
|
2.96% |
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S&P New York Bond Index
|
3.13% |
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S&P National 0-5 Year Municipal Bond Index
|
0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
|
848.03 |
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S&P U.S. Preferred Stock Index (CAD)
|
636.26 |
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S&P U.S. Preferred Stock Index (TR)
|
1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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Muni board focuses on advisors, posting information |
REUTERS - May 23, 2011 - (Reporting by Lisa Lambert; Editing by Andrew Hay)
(Reuters) - The board that writes the rules for the $2.9 trillion U.S. municipal bond market said on Monday it will file a raft of regulations on financial advisors with the federal government in June.
The Municipal Securities Rulemaking Board is a self-regulatory organization made up of banks, issuers and advisors that writes the rules the Securities and Exchange Commission enforces.
The sweeping financial regulatory overhaul passed last year known as Dodd-Frank for its Congressional authors put municipal advisors under the board's watch and gave advisors fiduciary duties to their clients, which include states, cities, schools and hospitals.
Since then, the board has been scrambling to tighten regulation of advisors. In June, it will file rules defining fiduciary responsibilities emphasizing "the duty of loyalty and care," limiting gifts by advisors, and applying a "fair dealing" rule currently used for brokers and dealers to advisors.
The board is also looking into the best way to delineate between underwriters and advisors. Smaller issuers have said that barring advisors from acting as underwriters will drive up their costs.
The federal government began scrutinizing advisors and other areas of the market after Jefferson County, Alabama, came close to bankruptcy over soured sewer bonds, and Dodd-Frank changed the MSRB's mandate to also protect those selling debt as well as those buying it.
For the complete article.
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| Stuff to look at |
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Income Security Recommendation January 2013 Issue.
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