Dodd-Frank.com

SEC Updates Rulemaking Timetable

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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 exchange listing standards regarding compensation committee independence and factors affecting compensation adviser independence; adopt disclosure rules regarding compensation consultant conflicts §§953 and... Read More

Topics: Employment, Executive Compensation, Investment Advisers, Municipal Advisors, Public Companies and Securities

MSRB Rule G-23 Concerning the Activities of Financial Advisors Effective November 27, 2011

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The Municipal Securities Rulemaking Board (MSRB) reminds brokers, dealers, municipal securities dealers (“dealers”) and municipal advisors of amendments to MSRB Rule G-23, on activities of financial advisors, which are effective on November 27, 2011.  The Securities and Exchange Commission (“Commission” or “SEC”) on May 27, 2011 approved the MSRB’s proposed... Read More

Topics: Municipal Advisors

MSRB Provides State and Local Government Toolkit

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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 the Dodd-Frank Wall Street Reform and Consumer Protection Act. The MSRB is providing information to state and local governments about issuing bonds as... Read More

Topics: Municipal Advisors

MSRB Issues Advisory on the Potential Applicability of MSRB Rules to Certain Bank Loans and Direct Purchases

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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 popularly known as bank products, but may in fact entail securities transactions triggering specific regulatory requirements. The advisory covers certain financings called “bank loans”... Read More

Topics: Municipal Advisors

MSRB to Delay Municipal Advisor Rule Proposals

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The Municipal Securities Rulemaking Board, or MSRB, announced that it is delaying its municipal advisor rule proposals currently before the SEC. According to the MSRB, the MSRB has been seeking to provide clarity to the municipal advisors registered under the SEC’s temporary registration rule by advancing a core set of rules.... Read More

Topics: Municipal Advisors

MSRB Board Proposes Rules to Curb Political Contributions by Municipal Advisors

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The Municipal Securities Rulemaking Board, or MSRB, has proposed regulations that it believes would help prevent the influence of political contributions by municipal advisors in the award of business by state and local government officials. Under the MSRB’s proposed Rule G-42, municipal advisors would be prohibited from conducting business with... Read More

Topics: Municipal Advisors