Dodd-Frank Municipal Advisors
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 risks about complex financial transactions, potential conflicts of interest, and compensation received from third-party providers of derivatives and investments. Some of the principles covered by the new [...] 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 →
GAO Report on Market Structure, Pricing, and Regulation of the Municipal Securities Market
Municipal Advisors The Dodd- Frank Wall Street Reform and Consumer Protection Act required GAO to review several aspects of the municipal securities market, including the mechanisms for trading,... Read more →
SEC Updates Rulemaking Timetable
Employment, Executive Compensation, Investment Advisers, Municipal Advisors, Public Companies and Securities The SEC has updated its Dodd-Frank rulemaking schedule. Highlights of those rules slated for action in the January to June timeframe of 2012 are as follows: §952: Adopt... Read more →
MSRB Provides Update On Underwriter Fair Dealing Proposal
Municipal Advisors The MSRB has announced that the SEC is seeking additional time to consider its proposal regarding the duties of underwriters to state and local government issuers under the... Read more →
MSRB Rule G-23 Concerning the Activities of Financial Advisors Effective November 27, 2011
Municipal Advisors The Municipal Securities Rulemaking Board (MSRB) reminds brokers, dealers, municipal securities dealers (“dealers”) and municipal advisors of amendments to MSRB Rule G-23, on... Read more →
MSRB Provides SEC With Information on Municipal Advisory Activities
Municipal Advisors The Municipal Securities Rulemaking Board, or MSRB, has provided information to the SEC which it believes will assist the agency as it finalizes its definition of municipal... Read more →
MSRB Provides State and Local Government Toolkit
Municipal Advisors The Municipal Securities Rulemaking Board, or MSRB, has launched an online “toolkit” for state and local governments as part of its work to protect municipal entities under... Read more →
MSRB Files Amendments to Underwriter Fair Dealing Proposal
Municipal Advisors The Municipal Securities Rulemaking Board, or MSRB, today filed amendments to its proposal regarding the duties of underwriters to state and local government issuers under the... Read more →
MSRB Issues Advisory on the Potential Applicability of MSRB Rules to Certain Bank Loans and Direct Purchases
Municipal Advisors The Municipal Securities Rulemaking Board, or MSRB, has issued an advisory on the potential applicability of MSRB rules to certain municipal finance transactions that have become... Read more →