Posts by: Editorial Board

Rating Agency Developments


On May 16, DBRS released a commentary titled U.S.-China Relations: Tariffs Accelerated, Negotiations Stalled. The Office of the United States Trade Representative (USTR) increased tariffs to 25% on $200 billion worth of Chinese goods and is working on raising tariffs on all remaining imports from China. Commentary.

On May 16, DBRS launched its fourth annual European Structured Finance and Covered Bond Survey. The invitation for responses is open to all market participants. Release.

SEC Obtains Emergency Order Halting Alleged Diamond-Related ICO Scheme Targeting Hundreds of Investors


On May 21, the Securities and Exchange Commission (SEC) announced that it obtained a court order halting an ongoing $30 million Ponzi Scheme. The SEC complaint charged a cryptocurrency business and its principal with using investor funds to run a Ponzi Scheme. Release.

Alexander County Housing Authority Awards $1.9 Million Demolition Contract to RCRA Inc.


On March 19, the Alexander County Housing Authority awarded a demolition contract to RCRA Inc. to raze 278 housing units in Cairo. These housing developments experienced years of deferred maintenance such that they are unsafe for residents. The demolition will be completed by September 2019 and the land will be restored to green space. Press Release.

SEC Adopts Rules That Increase the Information Brokers Must Provide to Investors on Order Handling


On November 2, the Securities Exchange Commission (“SEC“) announced that it voted to adopt amendments that require broker-dealers to disclose the way that they handle investors’ orders. The new disclosures will provide customers with information about the average rebates the broker received from, and the fees the broker paid to, treading venues. Release.