WASHINGTON – The Securities Industry and Financial Markets Association is considering launching a campaign urging municipal issuers to lobby federal regulators and lawmakers against underwriter restrictions contained in the Securities and Exchange Commission’s final municipal advisor registration rule.

SIFMA has circulated a draft letter to member firms entitled “An Open Letter to the U.S. Municipal Community,” warning that the SEC’s rule, to take effect in mid-January, would “restrict issuers’ access to market information and impact their access to the capital markets – delaying financings for schools, hospitals, public housing, and other critical infrastructure projects in communities across America.”

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.