MSRB Proposes Disclosure of Payments in Connection with New Issues of Municipal Securities

June 4, 2012
Client Alert

The Municipal Securities Rulemaking Board recently issued a notice seeking comments on a concept proposal that would require underwriters and municipal advisers to publicly disclose on the MSRBʼs Electronic Municipal Market Access system whether they have made or received certain payments in connection with new issues of municipal securities. Under the proposal, disclosure would be required for any:

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