Underwriters of municipal securities have additional obligations to their state and local government clients to disclose potential conflicts of interest and compensation received from third-party providers, and to disclose the risks of complex financial transactions, among other new requirements.
This four-part webinar, MSRB Rule G-17: Interpretive Notice on Duties of Underwriters to Issuers, explains the August 2, 2012 changes to MSRB Rule G-17 regarding the new duties of underwriters to state and local governments.
PowerPoint Documents (without audio):
Part One: Background and
Statements and Representations
Part Two: Required Disclosures of Role,
Obligations and Conflicts of Interest
Part Three: Required Disclosures for
Part Four: Required Manner and Timing of Disclosures,
and Financial Aspects of Underwriting Transactions