Ex-NY area development official pleads guilty in landmark municipal bond case

A former suburban New York development corporation director pleaded guilty to defrauding investors on Tuesday, marking what prosecutors said was believed to be the first-ever conviction for federal securities fraud in connection with municipal bonds. Aaron Troodler, 42, former executive director of the Ramapo Local Development Corp in Ramapo, New York, pleaded guilty to securities fraud and conspiracy before U.S. District Judge Cathy Seibel in White Plains, New York, according to prosecutors.

Tortoise Investment Management, LLC Buys PowerShares Build America Bond Portfolio, Nuveen …

White Plains, NY, based Investment company Tortoise Investment Management, LLC buys PowerShares Build America Bond Portfolio, Nuveen Select Tax Freeome Portfolio II, iShares 7-10 Year Treasury Bond, iShares 3-7 Year Treasury Bond, Nuveen Select Tax Freeome Portfolio, Delta Air Lines, iShares iBoxx $ Investment Gradeorate Bond, iShares National Muni Bond, iShares 1-3 Year Credit Bond, Exxon Mobil, sells Nuveen Credit Strategiesome Fund Shares of Ben, SPDR Bloomberg Barclays Short Term High Yield Bond, iShares iBoxx $ High Yieldorate Bond, PowerShares Exchange-Traded Fund Trust, PIMCO 0-5 Year High Yieldorat Bond Index Exch during the 3-months ended 2016-12-31, according to the most recent filings of the investment company, Tortoise Investment Management, LLC. As of 2016-12-31, Tortoise Investment Management, LLC owns 463 stocks with a total value of $244 million.