PRESS RELEASE: Launched by Investor Advocate

Maryland Treasurer Nancy Kopp votes against helping investors and votes against improving Muni Markets

| From

SAN FRANCISCO, Calif., July 8, 2011 (SEND2PRESS NEWSWIRE) -- Investor advocate and public finance watchdog Kevin Olson has launched to warn Maryland bond buyers about the dangers of investing in Maryland bonds.

"Investors are expected to buy Maryland bonds and hold them to maturity," Olson said, "But if those investors want - or need - to sell, there is no chance of getting a fair and reasonable bid." Olson explained that most brokerages do not provide bids on the bonds - even those brokerages involved in selling or underwriting them. "If you buy Municipal Bonds, you - and your heirs - are stuck with them," Olson added. "There is no Muni Market exchange. Just considering this, Maryland bonds are a bad investment."

Olson started in response to Maryland State Treasurer Nancy Kopp's aggressive marketing campaign. "Nancy Kopp targets retail investors through print and radio advertising, direct emails and contact, and a Web site;" Olson explains that after new issue, Maryland investors will be on their own. "Maryland municipal bonds should come with a large-print warning label," Olson said. "I am taking on a state-run, taxpayer-funded misinformation campaign. Investors need to be made aware of the dangers."

Olson has tried working with State Treasurers to organize a Muni Market exchange. ( The goal is to get U.S. Municipalities, such as States, to "list" their bonds, similar to the way stocks are listed, in order to improve the Muni Market - especially the Muni Market secondary.

According to Olson, in a secretive meeting of State Treasurers, led by Maryland Treasurer Nancy Kopp, State Treasurers voted against investors and voted against improving the Muni Markets.

Olson also operates where he continues his work as a public finance watchdog and investor advocate. For more information, contact Olson at or .

News Source:
Like, Share, Save this press release:
  TWEET   SHARE   G+   STUMBLE   LinkedIn   Instapaper   Buffer

The content of the above press release was provided by the “news source” (Kevin Olson) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2011 Kevin Olson with newswire version Copr. © 2011 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Oct 20 2016:
[ count retired 8.4.16 ]

back to top
REFERENCES: public finance watchdog, Maryland municipal bonds, Investor advocate and public finance watchdog Kevin Olson, Do Not Buy Maryland Bonds, MuniAdvocate, Muni Market exchange, news, press release from Kevin Olson, Jul 8, 2011, Opinion and Commentary, Finance, Internet, San Francisco, California, Launched by Investor Advocate