Posts tagged Compliance Advisory for Municipal Advisors.
Last Thursday, November 12, the MSRB published its Compliance Advisory for Municipal Advisors ("MA's"). The new MA regulatory regime was imposed by Dodd-Frank and implemented by the MSRB and SEC over the past several years. The Advisory highlights some of fundamental regulatory requirements for MA's and identifies some potential compliance risks, including, for example:
- Failing to register;
- Failing to ensure MA associated persons are Series 50 qualified (still in pilot);
- Failing to implement an MA-specific compliance program under Rule G-44;
- Failing to distinguish ...
Posted in: MSRB
Tags: burr forman, Compliance Advisory for Municipal Advisors, dodd-frank, MSRB, Municipal Advisors, SEC, securities litigation, Securities Litigation & Arbitrarion blog, Securities Litigation & Arbitration