Investors want details on bonds that pay for police misconduct

AllianceBernstein’s Glass says he wants to see cities disclose an itemized list of what “each and every dollar” raised through a bond pays for. Disclosures about the settlements paid out by the city or structures in place to oversee police departments would also benefit investors, he said. 

In addition to a moral case, there are financial reasons for more disclosure around the use of municipal bonds, Glass said. When settlements are paid out, that has a direct impact on the profit and…

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