Posts tagged MSRB Files Proposed Municipal-Advisor Conduct Rule with SEC.
The MSRB filed its Municipal-Advisor conduct rule proposal with the SEC on April 15. The Rule G-42 proposal has been around the block twice, since the Board first floated it in January last year (Reg. Notice 2014-01). The Revised Draft was issued last July (Reg. Notice 2014-12). I discussed them in our July 30, 2014 and January 23, 2014 blogs. As proposed for adoption by the SEC, the Rule broadly imposes:
- A fiduciary duty to Municipal Entities, but only of care to Obligated Persons;
- An "engagement letter" disclosure regime requiring conflicts and disciplinary disclosures ...
Posted in: MSRB
Tags: MSRB, MSRB Files Proposed Municipal-Advisor Conduct Rule with SEC, Municipal-Advisor conduct rule proposal, Rule G-42 proposal, SEC, securities litigation