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At Lumesis, we believe that a well-functioning municipal bond market is critically important to a strong America. We frequently publish market-leading commentary, insights and research on key topics affecting our industry.
Artificial intelligence, blockchain, robotic process automation, quantum computing — some of the 2019 technology buzzwords. Application of innovative technology is critical…
There have been important developments and discussions over the past few years about Securities and Exchange Commission Rule 15c2-12. First it was the Municipal Continuing Disclosure Cooperation Initiative, and then amendments to 15c2-12 itself.
A 2019 Update: What recent SEC enforcement actions have taught us. Download this article to learn more about the disclosure management best practices to implement today and why issuers can’t rely on dissemination agents and the business risk it creates when they do.
Lumesis and Ballard Spahr co-hosted a webinar with The Bond Buyer on 15c2-12 disclosure for municipal issuers.
While the SEC’s MCDC initiative concluded in 2016, its shadow continues to lurk over the municipal bond market. For those issuers that have come to market since the SEC issued Cease and Desist Orders (“Orders”), you undoubtedly have experienced increased scrutiny…
While many would prefer the SEC’s MCDC Initiative be a distant memory, the SEC’s Chief of the Enforcement Division’s Public Finance Abuse Unit has reminded issuers and underwriters alike that “[i]ssuers and underwriters will continue to be held accountable…
Issuers and Municipal Advisors: Impact of recent Municipal Market Regulation and Enforcement
On June 21st 2017, Lumesis and Ballard Spahr co-hosted a webinar with the Bond Buyer. Topics covered include both the Issuer’s continuing disclosure obligations in a post-MCDC world and the impact of MSRB rule G-42 on Municipal Advisors.
The MSRB and FINRA provided reminders regarding the municipal market’s time of trade disclosure rule (MSRB Rule G-47). The MSRB, by way of a Regulatory Notice, reminded market participants that a “Market Discount” is material and needs to be…
“It is hard to fathom a market as large and integral to our lives –schools, hospitals, utilities, roads and so much more – where the subject of required disclosure and diligence is still an unsettled issue. ”