The Municipal Securities Rule Making Board filed a proposal with the SEC that would prevent brokers, dealers or municipal securities dealers from serving as both a financial issuer and an underwriter for the same new issue of municipal securities.

If approved by the SEC, the ban would impact financial advisors and underwriters of new issues of municipal securities with a final award date of six months or more.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access