understanding muni advisor regulation

What is a "municipal advisor"? What is "advice"? Securities regulations impact the way bond issuers interact with advisors and underwriters and cover nearly ever party involved with an issue.

Learn more about the regulations in effect as of July 1, 2014, here.

exceptions &
EXCLUSIONS

The SEC constructed the municipal advisor rule to cover nearly anyone providing advice to municipal entities on muni bonds and financial products, but some persons and firms are not covered.

Learn more about the exceptions to the municipal advisor rule here.

THE CASE FOR INDEPENDENT ADVICE

The municipal bond market becomes more complex and challenging each day. As a result, an issuer's or borrower's investment in an independent municipal advisor is money well spent.

Why engage an indepedent municipal advisor? Consider these reasons.