For those in the process of preparing bond issues - Either for new projects or to refund prior bond issues for savings - once all the preparation is completed, there will undoubtedly be a big sigh of relief knowing all the work is done. Well, hold on. The most important part is yet to come.
In September 2013, the Securities and Exchange Commission finalized its municipal advisor (MA) definition in accordance with requirements dictated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
As most of us know, in the wake of the financial meltdown of 2008, Congress has undertaken an effort to reform the financial markets through regulatory changes intended to guard against a variety of abuses that allegedly contributed to the hard financial times we are currently living through.