yield burning การใช้

• Hartman denied that the suit was over yield burning.
• By 2005, federal regulators became concerned that the yield burning scandal was having a redux.
• Lissack, who by then had been dismissed by Smith Barney, told them about yield burning.
• Yield burning occurs when brokerages overcharge states or cities for securities sold to them for municipal refinancings.
• Yield burning was a technique that bond dealers devised to secure better rates as municipalities refinanced debt.
• The practice _ known in the industry as yield burning _ is illegal only if the prices charged are unfair.
• Yield burning can take multiple forms including the over pricing of securities and providing under market yields on reinvestment contracts.
• Yield burning was, however, directly covered by the Internal Revenue Code tax whistleblower provisions that took effect in 2007.
• The bonds in question are known as advance refundings, which require the establishment of escrow funds and are vulnerable to yield burning.
• I hope the government will now focus its attention on the real issue in the municipal bond marketplace, which is yield burning.
• "Yield burning " occurs when an underwriter attaches an excessive markup on the escrow securities sold to a local government.
• By some estimates, underwriters may have earned $ 2 billion to $ 3 billion of illegal profits from yield burning since the late 1970s.
• Those profits were allegedly swallowed up in Treasury bond transactions associated with the refinancings, in a practice known as " yield burning ."
• Yield burning occurs when municipalities pay inflated prices for government securities used in refinancing more-expensive older debt that can't immediately be retired.
• Meanwhile, the IRS is setting up a one-year amnesty program to allow issuers who have sold deals tainted by yield burning to pay up.
• A municipal banker could be accused of yield burning if the bank overcharges for a Treasury security to reduce the yield to meet Treasury regulations on municipal refinancings.
• Both contend a Phillips & Cohen study suggesting that yield burning was widespread and bilked up to $ 1 billion from the Treasury was highly flawed.
• In 1994, Lissack exposed a major yield burning scandal on Wall Street . to which Lissack was entitled to at least 15 % per federal whistleblower laws.
• "We seemed to be very pleased until we read articles about the possibility of yield burning, " said Matsumoto of the Los Angeles transit agency.
• The SEC, concerned mainly with excessive dealer markups, has brought one yield burning case against Rauscher Pierce Refsnes Inc . for its handling of an Arizona bond issue.