Muni Advisor Conduct Regulation

Overview

The definition of "municipal advisor" picks up two types of closely related activities: (i) an entity that itself provides advice to a muni with respect to municipal financial products or the issuance of municipal securities and (ii) an entity that undertakes a "solicitation" of a muni entity. Both types of muni advisors generally are subject to the same regulatory requirements, although MSRB Rule G-42 is specifically applicable to non-solicitor muni advisors.

See also the pages on the Muni Advisor Registration Requirement and the Muni Advisor Registration Process.

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Find

 
Find: 

SEA Sections

  • SEA Section 15B(a) (Muni advisor registration requirement)
  • SEA Section 15B(a)(5) (Prohibition of improper acts by muni advisor)
  • SEA Section 15B(e) (Relevant definitions, including "investment strategies," "municipal advisor," "solicitation," "municipal entity," "municipal investment product," and "obligated person")

SEA Rules​

MSRB Rules

 

Know

 
Know: 

MSRB Overview Materials