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MUNICIPALADVISOR.INFO

A Resource for the Curious Issuer | The Municipal Advisor Rule

An Information Resource for Municipal Bond Issuers | Learning About the Municipal Advisor Rule

http://www.municipaladvisor.info/

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CONTACTS AT MUNICIPALADVISOR.INFO

Jeff White

6950 ●●●●● Road

Mi●●on , Kansas, 66226

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Jeff White

6950 ●●●●● Road

Mi●●on , Kansas, 66226

US

1.91●●●●8500
jw●●●●@columbiacapital.com

View this contact

Jeff White

6950 ●●●●● Road

Mi●●on , Kansas, 66226

US

1.91●●●●8500
jw●●●●@columbiacapital.com

View this contact

Jeff White

6950 ●●●●● Road

Mi●●on , Kansas, 66226

US

1.91●●●●8500
jw●●●●@columbiacapital.com

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A Resource for the Curious Issuer | The Municipal Advisor Rule | municipaladvisor.info Reviews

https://municipaladvisor.info

An Information Resource for Municipal Bond Issuers | Learning About the Municipal Advisor Rule

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1

Exceptions and Exclusions to the Municipal Advisor Rule

http://www.municipaladvisor.info/exceptions.html

Exceptions and Exclusions to the MA Rule. Especially with respect to the independent registered municipal advisor exemption (discussed below). Municipal bond underwriters are excluded from the MA rules, but only in their capacity of providing underwriting services on a specific transaction for which they have been engaged. SEC-registered investment advisers are excluded from the MA rules, but only to the extent they are providing advice with respect to the investment of bond proceeds. The MA regulations ...

2

The Case for Independent Advice | Using a Municipal Advisor

http://www.municipaladvisor.info/whyusema.html

THE CASE FOR INDEPENDENT ADVICE. Municipal advisors maintain a fiduciary duty to issuers. Municipal advisors are required by law to serve as a fiduciary. Issuers without an ma are alone at the table. Dealers operating under the underwriting exemption do not have a fiduciary duty to issuers. Only independent mUNI ADVISORS ARE TRULY INDEPENDENT. Only a firm focused solely providing advice to its clients is truly independent. QUALITY ADVICE PROVIDES A REAL PRICING BENEFIT TO ISSUERS. One frequent complaint ...

3

A Resource for the Curious Issuer | The Municipal Advisor Rule

http://www.municipaladvisor.info/index.html

Regulation, Implications and More. Understanding muni advisor regulation. What is a municipal advisor? New securities regulations will impact the way bond issuers interact with advisors and underwriters and will cover nearly ever party involved with an issue. Learn more about the new regulations in effect as of July 1, 2014, here. Learn more about the exceptions to the municipal advisor rule here. THE CASE FOR INDEPENDENT ADVICE. Why engage an indepedent municipal advisor? LEARN ABOUT THE MA RULE.

4

About the Municipal Advisor Rule

http://www.municipaladvisor.info/aboutthemunicipa.html

Dodd-frank and the genesis of the municipal advisor. The SEC indicates that Congress‘ purpose in regulating MA's was in part to reduce the potential for and impact of municipal market participants participating in pay-to-play practices, undisclosed conflicts of interest, advice provided by individuals without adequate qualifications and failures to exercise duties of care and loyalty to municipal entities. Together with Rule G-23 of the Municipal Securities Rulemaking Board (MSRB). The MA rule covers wha...

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Regulation, Implications and More. Understanding muni advisor regulation. What is a municipal advisor? Securities regulations impact the way bond issuers interact with advisors and underwriters and cover nearly ever party involved with an issue. Learn more about the regulations in effect as of July 1, 2014, here. The SEC constructed the municipal advisor rule to cover nearly anyone providing advice to municipal entities on muni bonds and financial products, but some persons and firms are not covered.

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