PRAG is a registered investment adviser in the State of New York, with additional registrations in the states of California, Florida, Pennsylvania and the District of Columbia. We provide investment advice and serve as bidding agents for the bond proceeds and funds used to repay bonds, including escrow, construction, debt service and reserve funds.  Our professionals have extensive experience in analyzing and securing a wide range of investment products.  We also have a strong understanding of the market-standard documentation for investment agreements.