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SEC Releases Notice Soliciting Comments on Proposed Amendments to MSRB Rule G-11 Regarding Primary Offering Practices

The SEC is soliciting comments on proposed MSRB amendments which would:

  1. amend MSRB Rule G-11 ("Primary Offering Practices") to prohibit, with defined exceptions, brokers, dealers and municipal securities dealers ("dealers") from providing consents to changes in a bond-authorizing document; and
  2. enhance protections for existing owners of bonds from changes to authorizing documents consented to by a dealer in lieu of bond owners by prescriptively prohibiting such consents in certain circumstances.

See: SEC Notice.See also: MSRB Exhibit 2 and Exhibit 5.

Tags

Regulated Activities
Distribution Procedures
Sub-Activity
Syndicate Procedures
Regulated Entities
Broker-Dealers
Regulated Products
Municipal Securities
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
SEC