Presentation

Moderator, 2nd Annual Municipal Fixed-Income Legal and Compliance Roundtable presented by Morgan Lewis, Philadelphia

December 06, 2012

The Bond Dealers of America (BDA) and Morgan Lewis presented their 2nd annual municipal securities roundtable program.

This roundtable program is designed for municipal fixed-income legal and compliance leadership at financial services and broker-dealer firms. The program featured senior officials from the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Municipal Securities Rulemaking Board (MSRB), and BDA, who discussed examination and enforcement priorities, as well as current rulemaking and disclosure initiatives.

Topics of discussion included:

  • Regulatory and legislative updates
  • SEC report on municipal securities
  • MSRB initiatives, including issues impacting underwriter duties and broker's brokers
  • New suitability rule implementation
  • Municipal market compliance and enforcement priorities
  • SEC Municipal Securities and Public Pensions Unit priorities
  • Focus on pay-to-play violations, including MSRB Rule G-37
  • Recent enforcement actions and coordination with other regulators and authorities