SEC case grinds on for former Rochester, New York, advisory firm and principals

Capital Markets Advisors and its co-principals, Richard Ganci and Richard Tortora, are in a legal back and forth with the Securities and Exchange Commission over whether their conduct while working for client Rochester, New York, constitutes a conflict of interest as defined in MSRB Rule G-42.

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Louisiana's largest and most complex public-private partnership, to replace an aging bridge carrying Interstate 10 at Lake Charles, appears back on track after the state's new administration hammered out a revised agreement with the concessionaire to assuage political opposition. The modified agreement lowers tolls and includes a 15% equity contribution for local infrastructure, new Gov. Jeff Landry announced last week, calling it "one hell of a deal." State lawmakers had killed the deal last year citing opposition to tolls.

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Denver Health, Colorado's sole safety net healthcare provider, is nearing a breaking point as an influx of migrants adds to escalating uncompensated care costs. The health system has received no reimbursement for treating 8,000 migrants in 20,000 visits, Donna Lynne, its CEO, told the Denver City Council's Finance & Governance Committee this month.?

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The Securities and Exchange Commission is starting to fill in some details to the rollout of the law that will transform the format of issuer disclosures submitted to EMMA. "The level of complication on the municipal side is definitely much more," said Dave Sanchez, director of the SEC's Office of Municipal Securities. "We're very conscious of it and I have a feeling that you guys will keep us very conscious."?

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The U.S. Department of Transportation has allocated $2.5 billion in private activity bond authority for the Brightline West High-Speed Intercity rail project between Las Vegas and Southern California.

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SIFMA's Leslie Norwood is the guest on The Bond Buyer’s podcast, where she joins Executive Editor Kyle Glazier for a discussion about the regulatory and legislative outlook for broker-dealers.

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