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Georgetown ISD adopts authorized broker/dealer list required by state investment law
Summary
The board adopted a list of authorized broker/dealers on Sept. 16, naming several national and regional firms as the district’s approved counterparties under the Public Funds Investment Act.
As part of the board’s consent actions, Georgetown ISD approved a resolution adopting an authorized broker/dealer list for investment transactions. The resolution names a set of qualified broker/dealers and directs that the district provide a copy of its investment policy to each listed firm when material changes occur.
Named firms in the resolution include Baird Securities; BOK Financial; Cantor Fitzgerald; Merrill Lynch/Bank of America; Morgan Stanley; Piper Jaffray; Raymond James; RBC Capital Markets; Stifel Nicolaus; Wells Fargo; and others listed in the agenda text. The action implements a statutory annual review requirement under the Public Funds Investment Act and was approved as presented in the consent vote.
