New SEC Disclosure Obligations for Municipal Bond Issuers
Material Events, Continuing Disclosure Agreements, Implications of Voluntary Postings
Recording of a 90-minute CLE webinar with Q&A
This CLE course will discuss the new SEC continuing disclosure regulations that impact government bond issuers and the underwriters of their bonds. This program will review the new regulations, what additional disclosures are required, and how local governments and their underwriters can maintain compliance with the new obligations in accordance with SEC Rule 15c2-12.
Outline
- Municipal bond continuing disclosure requirements before and after 2018 SEC amendments
- New "events" that trigger disclosure
- Review of recent SEC charges
- Best practices to avoid violations
- Implications of voluntary postings
Benefits
The panel will review these and other relevant topics:
- How do the SEC's amendments to Rule 15c2-12 impact continuing disclosure requirements?
- What are the new "events" that will trigger disclosure?
- What types of conduct may be subject to additional regulatory scrutiny?
- What policies and compliance programs should be in place to survive SEC review?
Faculty
Robert Feyer
Senior Counsel
Orrick Herrington & Sutcliffe
Mr. Feyer is a senior counsel in the San Francisco office of the firm's Public Finance Department. After 40 years... | Read More
Mr. Feyer is a senior counsel in the San Francisco office of the firm's Public Finance Department. After 40 years representing issuers and underwriters, he retired from active practice working on bond transactions at the end of 2017, but continues to provide assistance and mentoring within the Department. He also continues to write and speak on municipal finance topics, including securities law and disclosure issues.
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Elaine C. Greenberg
Shareholder
Greenberg Traurig
Ms. Greenberg has over 30 years of securities law experience, including a 25-year tenure at the SEC. Among other roles,... | Read More
Ms. Greenberg has over 30 years of securities law experience, including a 25-year tenure at the SEC. Among other roles, she served as the inaugural Chief of the SEC’s Specialized Unit for Municipal Securities and Public Pensions, and built and led a nationwide unit to oversee the SEC’s enforcement efforts in the multitrillion-dollar municipal securities and public pensions marketplaces. Ms. Greenberg’s current practice focuses on SEC, FINRA, State Agencies and other securities and regulatory matters, examinations, investigations, enforcement actions, and litigation; public finance; and white collar and corporate investigations. She has represented and advised major financial institutions, underwriters, broker-dealers, investment advisers, issuers, municipal advisors, public companies and their officers and directors, mutual fund director, and other organizations and individuals.
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Heidi H. Jeffery
Partner
Foley & Lardner
Ms. Jeffery has experience in general municipal, private activity bond, housing, student loan, health care, and senior... | Read More
Ms. Jeffery has experience in general municipal, private activity bond, housing, student loan, health care, and senior living finance. In such transactions, she has served as bond counsel and counsel to developers, underwriters, credit enhancers, issuers, and borrowers. Ms. Jeffery is a member and former vice chair of the firm’s Senior Living Team. She is also a member of the firm’s Finance & Financial Institutions, Health Care Finance, and Public Finance Practices and the Health Care Industry Team.
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