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Case revolved around investments in Puerto Rican bonds made by the former MLB star
The jump is a welcome shift for Wall Street underwriters and mutual-funds that have cash they need to invest.
Finra panel gives UBS investors $4.25 million in damages, $170,000 in costs.
IFS Securities facing 'substantial losses' from head bond trader's bet on Treasuries.
Five companies have received 80% of the money that has poured into tax-exempt bond funds this year.
Money coming from people who saw their tax bills rise as a result of the cap on state and local tax deductions.
Tighter yield spreads, market risk and the threat of higher taxes are seen driving financial advisers toward bonds.
The change could impact how advisers construct fixed-income portfolios for clients.
Banks including JPMorgan and Bank of America conspired to fix prices on floating-rate municipal bonds, according to suit.
Readers are flocking to stories on tax-free munis — but why?
- Alternative Investments
- Bonds / Fixed Income
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