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This document is a comment letter to the SEC requesting modifications to the definition and regulation of 'municipal advisors', specifically advocating for the exemption of appointed board members

How to fill out comment letter on sec

How to fill out Comment Letter on SEC Proposed Rule Concerning Municipal Advisors

1. Review the SEC Proposed Rule Concerning Municipal Advisors to understand its implications.
2. Gather necessary information about your organization and its role as a municipal advisor.
3. Outline your main points or concerns regarding the proposed rule.
4. Draft the Comment Letter, beginning with an introduction that states your purpose.
5. Clearly articulate your points in the body of the letter, providing evidence or examples where applicable.
6. Keep the letter concise and focused on the specific aspects of the rule you wish to address.
7. Conclude the letter with a summary of your main points and a call to action for the SEC.
8. Review and edit the letter for clarity, grammar, and adherence to SEC guidelines.
9. Submit the Comment Letter through the designated SEC submission portal or mail it to the appropriate address.

Who needs Comment Letter on SEC Proposed Rule Concerning Municipal Advisors?

1. Municipal advisors who provide advice to local and state governments on financial matters.
2. Organizations representing municipal advisors, such as professional associations.
3. Investors and stakeholders interested in the implications of the proposed rule on municipal advisory services.
4. Regulatory bodies seeking feedback from the community on the proposed changes.

People Also Ask about

What is the Dodd Frank rule for municipal advisors?

The Dodd-Frank Act defines a “Municipal Advisor” as anyone (except for a municipal entity or an employee of a municipal entity) that (1) provides advice to a municipal entity or obligated person regarding municipal financial products or the issuance of municipal Securities; or (2) undertakes a solicitation of a

What is a municipal advisory?

A municipal advisor that advises a municipal entity regarding the issuance of municipal securities or municipal financial products is a fiduciary to its municipal entity client. As such, the municipal advisor is subject to a duty of loyalty.

What is the municipal advisor rule?

The MA Rule regulates municipal advisors by establishing registration requirements as well as placing a fiduciary duty on those professionals that advise governments on bonds.

What are the exceptions to the municipal advisor rule?

In addition, the Final Rules exempt the following persons from the municipal advisor definition to the extent they are engaging in the specified activities: accountants; public officials and employees; banks; persons providing responses to requests for proposals or qualifications; swap dealers; any person engaging in

Who is an obligated person in the municipal advisor rule?

An "obligated person" generally means any person, including an issuer of municipal securities, committed to support the payments on the municipal securities to be sold in an offering.

What are exceptions to the municipal advisor rule?

Finally, finance professionals that provide municipal issuers with advice in ance with their office are generally excluded from the MA Rule, such as registered investment advisors offering investment advice, engineers offering engineering advice, and attorneys offering legal advice.

What is the Dodd-Frank rule?

The most far reaching Wall Street reform in history, Dodd-Frank will prevent the excessive risk-taking that led to the financial crisis. The law also provides common-sense protections for American families, creating new consumer watchdog to prevent mortgage companies and pay-day lenders from exploiting consumers.

Who is an obligated person in the municipal advisor rule?

An "obligated person" generally means any person, including an issuer of municipal securities, committed to support the payments on the municipal securities to be sold in an offering.

For pdfFiller’s FAQs

What is Comment Letter on SEC Proposed Rule Concerning Municipal Advisors?

A Comment Letter on the SEC Proposed Rule Concerning Municipal Advisors is a formal communication submitted by stakeholders, such as municipal advisors, industry professionals, and interested parties, expressing their opinions, feedback, or concerns regarding proposed regulations that the Securities and Exchange Commission (SEC) is considering.

Who is required to file Comment Letter on SEC Proposed Rule Concerning Municipal Advisors?

Any interested party, including municipal advisors, financial professionals, advocacy groups, and members of the public, may file a Comment Letter. While there is no specific requirement, stakeholders affected by or interested in the proposed rule are encouraged to provide their input.

How to fill out Comment Letter on SEC Proposed Rule Concerning Municipal Advisors?

To fill out a Comment Letter, one should clearly identify the proposed rule being commented on, provide specific feedback or concerns regarding the rule, reference relevant regulations or experiences, and include personal or organizational contact information. The letter should be structured and professional, adhering to any guidelines provided by the SEC.

What is the purpose of Comment Letter on SEC Proposed Rule Concerning Municipal Advisors?

The purpose of a Comment Letter is to inform the SEC of the views and concerns of various stakeholders regarding the proposed rule. It aims to influence the rule-making process by providing insights that may lead to more effective and balanced regulations.

What information must be reported on Comment Letter on SEC Proposed Rule Concerning Municipal Advisors?

The Comment Letter must include the commenter’s name and contact information, a clear statement of support or opposition to the proposed rule, specific comments and recommendations regarding the rule, and any data or evidence that supports the comments made.