As Chief Compliance Officer of Bernardi Securities, Inc., I make a point of attending as many meetings and seminars as I can to keep our firm apprised of new rules, regulations and legislation that affect our organization and clients. Along with serving on FINRA’s Small Firm Advisory Board, I recently attended a joint Municipal Securities […]
This past October, at the Illinois Municipal League’s annual conference held in Chicago, I participated in a panel discussion,“Repealing Tax Exemption- A Clear and Present Danger”. The other panelists included Matt Posner of Municipal Market Advisors and Michael Belsky, former two- term Mayor of Highland Park, Illinois. The audience was comprised of elected and administrative […]
$2.735 Million General Obligation Waterworks & Sewerage Alternate Revenue Source Bonds, Series 2013 The Bonds are being issued to finance capital improvements to the City’s waterworks and sewerage systems and to pay costs associated with the issuance. The Series 2013 Bonds are general obligations of the City payable from net revenues of the waterworks and […]
September began with “AAA” rated, 10-year non-taxable municipal bonds yielding 1.70%. 10-year bond yields spiked mid-month to 1.93% and ended the month and 3rd quarter yielding 1.70%. The supply of new issues slowed this past month relative to September 2011. Nonetheless, 2012 new issue supply through September ($250 billion +) has nearly eclipsed 2011 totals […]