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Illinois returns to muni market with $750 million bond sale

CHICAGO (Reuters) – Illinois, which sold $6 billion of bonds last month to raise money to pay overdue bills, will be back in the U.S. municipal market next week with another $750 million of debt. The deal tops the $12.2 billion of bonds and notes states, citie... More »

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SEC will not appeal ruling preventing certain retroactive penalties

FILE PHOTO – The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst The U.S. Securities and Exchange Commission has decided not to appeal a court ruling that limited i... More »

Wall Street watchdog’s board approves bond-markup rules

The Financial Industry Regulatory Authority’s board of governors has approved a plan that would require brokerage firms to disclose how much they mark up the price of most bonds they sell to retail customers, the Wall Street watchdog said on Friday. FINRA’s co... More »