DIVER for Municipal Advisors 2017-03-06T11:52:04+00:00

DIVER for Municipal Advisors

The SEC’s MCDC initiative is causing many Municipal Issuers and Underwriters to change the way they do things. Underwriters are scrutinizing Issuer disclosures, and the representations made about those disclosures, for accuracy and clarity. Seventy-one Issuers have entered into Cease and Desist Orders with the SEC and must update past delinquent disclosure filings and improve their processes to ensure timely and complete disclosure going forward. These realities, and the introduction of MSRB Rule G-42, provide Municipal Advisors with an opportunity to support their Issuer clients in meeting these requirements and the demands of the market.

Support for your Issuer-Clients with MCDC in mind:

  • Pre-Market Review of Historical Filings and Outstanding Debt

    • Clean-Up of MSRB Filings Prior to Issuance
      • Obligor, Issue and CUSIP Level Filing Analysis
    • Ensure Accuracy in the OS
  • Notifications for Audit, Operating, Rating and Call Requirements

  • Ongoing Analysis for Periodic Reviews (Post-Filing, Coming to Market)

DIVER for Municipal Advisors

Support For Your MA Rule (G-42) Compliance:

  • Suitability and Know-Your-Client Support

    • Obligor Profile, Bitvore News and Outstanding Debt
  • Record Engagement, Disclosures and Recommendations

  • Documentation to Support G-42 Compliance Audit

  • Trade Monitoring for New Deals of Issuer-Clients