MSRB Approves Interpretive Guidance for Rules G-32 and G-34 to Clarify Dealer Obligations.
Hawkins Update: Disclosure Obligations of Municipal Advisors and Municipal Fund Securities Disclosure
Articles regarding the recent SEC proposal to expand securities eligible for cross trading by registered funds by Mayer Brown here and K&L Gates here. We have excerpted the sections addressing the potential addition of municipal securities funds from both articles.
S&P Cyber Brief: Third-Party Tech Adoption Is Testing Education Sector Cybersecurity. Ed. Note: Potential Risk Factor Augmentation.
Red Flag: College Sports Are Emerging As A Financial Risk For U.S. Higher Education Budgets – S&P. Ed. Note: Potential Risk Factor Augmentation.
San Diego to Leave Muni Bond Group After SEC Oversight Concerns.
Utah Has Created Hundreds of Quasi-Government Agencies. Feds Say They Could ‘Become a Problem.’
And Finally, Great Moments in Carceral Etiquette is brought to us this week by Anderson v. Kriete, in which Jordan Tebow called on Derek Batton at his residence. Having been properly raised, Mr. Tebow knew it to be quite impolite, perhaps even untoward, to arrive without a gift. So he was careful not to arrive (figuratively) empty-handed. In this particular instance, the residence was the Grant County Jail. The gift – just like that O’Henry story – was heroin. Per the court, “Mr. Tebow offered Mr. Batton heroin that he had smuggled into the jail. Mr. Batton accepted the offer, ingested the heroin, and was found dead in his cell.” So many questions. “Smuggled.” Oh. Oh, no. The protocol for, uh, the retrieving and proffering of this gift? Is it rude, within this particular milieu, to decline? Just how rude, exactly? We’d perhaps have opted for a fruit basket, a charcuterie board, or a bottle of Chardonnay. Then again, the “smuggling” of those items…

Bond Case Briefs