The Securities and Exchange Commission should clarify the responsibilities of elected issuer officials who approve or authorize primary offering documents and secondary market disclosures, the National Association of Bond Lawyers said this week.

NABL made its case in a 23-page filing it sent late Monday to SEC commissioner Elisse Walter, who is spearheading the agency’s drafting of the first interpretive guidance since 1994 to address legal ambiguities in the commission’s Rule 15c2-12 on disclosure.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.