September 7, 2010
I have a couple of questions/suggested topics for the muni hearings:
Has the SEC considered prohibiting firms from offering both Municipal Financial Advisor services and Negotiated Underwriting Services? Not just necessarily keeping firms from providing both services for a particular bond issue but in general not allowing firms to provide both services.
Will liability for "flipping" of BABs eventually be shared by both the issuer and the Underwriters?