SEC Proposes Rule Amendments to Improve Municipal Securities Disclosures

U.S. Securities and Exchange Commission press release ----- The Securities and Exchange Commission (SEC) today voted to propose rule amendments to improve investor protection and enhance transparency in the municipal securities market. Rule 15c2-12 under the Securities Exchange Act of 1934 requires brokers, dealers, and municipal securities dealers that are acting as underwriters in primary offerings of municipal securities subject to the Rule, to reasonably determine, among other things, that the issuer or obligated person has agreed to provide to the Municipal Securities Rulemaking Board (MSRB) timely notice of certain events. To learn more about the SEC proposed rule amendments to improve municipal securities disclosures click on the picture below to read the release.