Regulatory Alerts2017-03-15 | 2017-04323Added · Updated
Proposed Amendments to Municipal Securities Disclosure
The Securities and Exchange Commission proposes amendments to Rule 15c2-12 to require dealers acting as underwriters to ensure issuers disclose specific material financial events to the MSRB. The proposed changes expand the list of required event notices to include the incurrence of material financial obligations and defaults or events of acceleration reflecting financial difficulties. These amendments aim to enhance transparency and investor protection by ensuring timely access to critical information regarding municipal securities and direct placements.
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