Publications

SEC Approves Municipal Advisor Rules

10.03.2013
Hawkins Advisory

On September 18, 2013, the Securities and Exchange Commission (the “SEC”) unanimously approved final rules (the “Rules”) governing the definition, registration, and regulation of municipal advisors.  In addition, the Rules provide guidance and clarification on several matters that had arisen because of provisions in the proposed rules.2 Furthermore, the Rules provide exemptions from the definition of “municipal advisor” which, in some cases, go beyond the exclusions expressly provided for in the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”).

Attachment: [Hawkins Advisory]

Practices

Also of Interest

  • Carol McCoog Assumes NABL President-Elect Position
    Carol McCoog has been elected President-elect of the National Association of Bond Lawyers (NABL).
  • SEC Actions – Rule 15c2-12 Limited Offering Exemption
    This Advisory examines how, for the first time, the SEC has brought charges against underwriters who fail to meet the legal requirements of the limited offering exemption provided by Rule 15c2-12 in connection with offerings of municipal securities.
  • Municipal Market — Federal Securities Law Update (2022)
    This Hawkins Advisory provides an update on the municipal securities market and related federal securities law regulation. In particular, this Advisory reviews (i) the current composition of the Securities and Exchange Commission (the “SEC”) and its regulatory priorities; (ii) the SEC’s proposed rules on climate change disclosure and other environmental, social, and governance (“ESG”) initiatives; (iii) developments in cybersecurity disclosure; and (iv) recent SEC enforcement actions in the municipal securities market.
  • Federal Legislation Moves SOFR Closer
    This edition of  the Hawkins Advisory discusses the recent federal legislation signed into law on March 15, 2022.