*Letters

Underwriters of Municipals Securities

Published on:
September 30, 2011
Committee:

SIFMA provides comments to the Securities Exchange Commission (SEC) on the Municipal Securities Rulemaking Board’s (MSRB) proposed rule change consisting of a proposed interpretive notice applying MSRB Rule G-17 to underwriters of municipal securities.

SIFMA strongly supports the principle of fair dealing embodied in MSRB Rule G-17 and believes the fair dealing standard is critical to ensuring that municipal underwritings are conducted with commercial honor and according to high ethical principles, and has served to protect issuers, investors and the municipal securities market. However, SIFMA has concerns about the timing of the Proposed Interpretive Notice, as well as the prescriptive manner in which it would impose on underwriters open-ended, duplicative and potentially conflicting obligations.

Details

Download

More Content

  • Letters
    Oct 22, 2026

    Treasury/IRS Notice 2026-49: Guidance on Section 324 of the SECURE 2.0 Act with Respect to Rollovers

    SIFMA supports modernizing retirement plan rollovers through standardized electronic processes, fraud safeguards and appropriate implementation timelines.
  • Amicus Briefs
    Oct 21, 2026

    In re USD LIBOR Litigation

  • Letters
    Oct 20, 2026

    SEC’s Proposed Rule Regulation Crypto Assets

    SIFMA and SIFMA AMG provide recommendations to the SEC on its proposed crypto asset regulation, addressing regulatory clarity, implementation and investor protection.

Get the latest trends, stats, and research on financial markets and securities.