Dodd-Frank Municipal Advisors
MSRB Provides Guidance to Underwriters on Obligations to State and Local Governments
Municipal Advisors The Municipal Securities Rulemaking Board, or MSRB, has published implementation guidance to assist underwriters in meeting their newly expanded legal obligations to state and local governments. According to the MSRB, the Dodd-Frank Act expressly directs the MSRB to protect municipal entities. Effective August 2, 2012, underwriters of municipal securities are required to disclose to their [...] Read more →
SEC Extends Compliance Date for Ban on Third Party Solicitations by Investment Advisers
Investment Advisers, Municipal Advisors The SEC has extended the date by which advisers must comply with the ban on third-party solicitation in rule 206(4)-5 under the Investment Advisers Act of 1940, which is known as... Read more →
SEC Approves Interpretive Notice on the Duties of Underwriters to State and Local Government Issuers
Municipal Advisors The SEC has approved an interpretive notice of the MSRB under which underwriters of municipal securities will be required to disclose to their state and local government clients... Read more →
MSRB Issues Proposal to Restrict Underwriters’ Provision of Bondholder Consent
Municipal Advisors The Municipal Securities Rulemaking Board, or MSRB, has published a draft proposal concerning circumstances under which municipal bond underwriters would violate their duty to... Read more →