Ronald P. Bernardi was featured in an InvestmentNews article on July 7th, 2016.
Ronald P. Bernardi was featured in an InvestorNews article on June 30, 2016
Ronald Bernardi was featured in a BDA and Nixon Peabody Webinar on Municipal Bankruptcy Wednesday, May 11th. Over 40 BDA member-firm representatives participated in the webinar, which was the fourth webinar training series focused on banker due diligence, which is exclusively for BDA member firms.
The Powerpoint presentation with audio can be viewed here.
The webinar featured the commentary of:
- Ronald P. Bernardi, President and CEO, Bernardi Securities, Inc.
- Elizabeth Columbo, Partner, Nixon Peabody LLP
- Robert Christmas, Partner, Nixon Peabody LLP
- Daniel Deaton, Partner, Nixon Peabody LLP
The webinar addressed the increasingly important topic of due diligence and disclosure of municipal bankruptcy risks. Discussion points focused on the following topics:
- A background discussion on why municipal bankruptcy is a due diligence and disclosure issue
- What is uniquely challenging about municipal bankruptcy to bondholders?
- Why Chapter 9 provides additional flexibility in the U.S. Bankruptcy Code?
- Why should you be concerned with municipal bankruptcy?
- A discussion on how the emergence of municipal bankruptcies has changed credit analysis and why it should be performed on bonds.
- What have we learned about how Chapter 9 treats bondholders?
- With bonds secured by lease payments?
- With bonds secured by a pledge that constitutes “special revenues”?
- How are the rights of creditors administered under Chapter 9?
- What are the rights of municipalities under Chapter 9?
- What should a banker do on transactions that involve:
- No pledge (unsecured credit)?
- A pledge or lien?
- Bonds backed by lease payments?
Ronald P. Bernardi was featured in an InvestorNews article on April 1, 2016.
Eric Bederman, Chief Operating and Compliance Officer of Bernardi Securities, Inc. has been elected to serve on the FINRA District # 8 Committee. He will serve alongside six other individuals representing District # 8 member firms. Eric is one of two on the Committee serving as Small Firm Representative. He was elected by voting members representing broker-dealers within District # 8 in elections held in November of 2015. His term is for three years.
FINRA’s (Financial Industry Regulatory Authority) work is important in helping ensure fair, transparent and efficient markets for investors, broker-dealer firms and other market participants. Its mission is to provide investor protection and provide market integrity.
The voluntary contributions and advice provided to FINRA by industry experts like Eric play an integral part in helping FINRA fulfill its mission.
Bernardi Securities, Inc. is pleased and proud that Eric will play a leading role in helping improve the capital marketplace.
Bernardi Securities was mentioned in the October 24th, 2015 issue of the Chaska Herald regarding the city of Carver, MN road project.
“The City Council approved the sale of $1.22 million of bonds in May 2015 to the investing team of Northland Securities, Inc. and Bernardi Securities, Incorporated to finance this project and the city’s purchase of snow plows and other equipment.”
Ronald P. Bernardi was quoted in the Bond Buyer on September 18th, 2015.
“Ron Bernardi, principal, president and chief executive officer of Chicago-based Bernardi Securities, said the report may not be representative of the muni market as a whole, as it’s based on a relatively small sample.
While he acknowledged that costs have risen, Bernardi said both regulators and market participants have made the market more efficient and transparent, with much of the progress taking place in the past five or six years.
‘The typical transaction today, disclosure and professionalism is much better today,” Bernardi said. “As the market continues to evolve, disclosure counsels are new to the market now, but as they become older, the costs should start to decline.’ ”
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Ronald P. Bernardi was quoted in the August 12th, 2015 issue of InvestmentNews regarding interest rate hikes.
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Ronald P. Bernardi was quoted in the August 3rd, 2015 issue of InvestmentNews regarding Puerto Rico’s uncertain future that leaves muni bond fund investors in limbo.
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