Client Alert
The Municipal Securities Rulemaking Board recently adopted amendments to MSRB Rule G-20 on gifts, gratuities and non-cash compensation. Among other things, the amendments (1) extend the relevant provisions of Rule G-20 to gifts given in relation to the municipal advisory activities of a recipient’s employer, (2) consolidate and codify interpretive guidance, (3) extend the relevant provisions of Rule G-20 to municipal advisors and their associated persons and (4) add a new provision to prohibit reimbursement for entertainment expenses from offering proceeds. The rule changes become effective on May 6, 2016. 

Related Practices

We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Privacy Policy. By using this website you agree to our use of cookies.