Category Archives: Municipal Securities Rulemaking Board

CONTINUING FOCUS ON CONTINUING DISCLOSURE – The SEC’s Municipalities Continuing Disclosure Cooperation Initiative

by Christopher B. Langhart on April 10, 2014

Recently the Securities and Exchange Commission (SEC) announced the implementation of the Municipalities Continuing Disclosure Cooperation Initiative (MCDCI), a program enacted to “address potentially widespread violations of the federal securities laws by municipal issuers and underwriters”—specifically, the continuing disclosure requirements required of them by SEC Rule 15c2-12. The MCDCI allows both municipal issuers and underwriters […]

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MSRB Notice 2012-25 – Brutal Honesty In The Municipal World

by Christopher B. Langhart on August 3, 2012

Municipal Securities Rulemaking Board (“MSRB”) Notice 2012-25 (the “Notice”) was approved by the SEC on May 4, 2012 and took effect on August 2, 2012. The Notice sets forth the responsibility of underwriters of municipal securities to make certain disclosures to an issuer, to ensure that they have dealt fairly with that issuer. Specifically, the […]

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