Municipal Advisor Rule

In July 2010, Congress passed the Dodd-Frank Act, which requires the Securities and Exchange Commission (the "SEC") to adopt a rule requiring municipal advisors to register with the SEC.  A temporary rule was adopted pending the SEC's establishment of the registration process and defining who is a "municipal advisor."  On September 18, 2013, the SEC adopted the final rule which will become effective on July 1, 2014.

On May 1, 2014, Joy A. Howard hosted a session on the new Municipal Advisor Rule and how it might affect local governments at the Government Finance Officers Association of Missouri's Spring Conference.  The following are links to further information regarding the Municipal Advisor Rule.

SEC's complete text of the rule is 777 pages and is available at http://www.sec.gov/rules/final/2013/34-70462.pdf.

SEC's three page summary is available at
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539817759#.UjzTsFNcU_8

Joy A. Howard's Article "Municipal Advisor Rule - How it Affects Local Governments"

Power Point for the May 1, 2014 session at the
Government Finance Officers Association of Missouri's Spring Conference
Municipal Advisor Rule - How it Affects Local Governments

 

 


 

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Phone (314) 423-2122
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JHoward@munibondadvisor.com