Revise list of authorized broker-dealers for city investment trading

Investment ManagementBudget

Resolution 50-10

In Plain English

The city invests public money through approved financial firms called broker-dealers. The current approved list needs updating to reflect changes in the financial industry. If approved, the Finance Department can trade investments with a revised set of authorized firms.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember ViramontesSeconded by: Vice Mayor Ritterman
Passed

5 to 0

McLaughlinAye
ButtAye
BatesAbsent
RogersAye
RittermanAye
LopezAbsent
ViramontesAye