Municipal Bonds: Trends & Updates You Must Know
Recent defaults, bankruptcies and fiscal challenges have called into question the traditional stability and creditworthiness of municipal bonds, bringing the market under heightened scrutiny by regulators. Since 2010, the SEC Public Finance Unit has taken a bevy of enforcement actions concerning municipal issues, using novel techniques, which signals an aggressive stance towards addressing perceived misconduct. Municipal bond issuers and officials and regulated actors, such as underwriters and municipal advisers, should be aware of the new regulatory environment and adopt appropriate policies and practices.
In this LIVE Webcast, a panel of distinguished professionals and thought leaders assembled by The Knowledge Group will discuss the increased regulatory scrutiny and enforcement and explain how market participants can take steps to maximize opportunities and minimize risks.
- Historical Trends in the Municipal Bond Market
- Current Developments and Updates
- Key Issues and Challenges Facing the Market
- Current Risks and Opportunities
- Litigation, Regulatory Scrutiny and Enforcement
- Best Practices to Mitigate Risk
- The aftermath of MCDC and the imperative for good disclosure
- Possible amendments to 15c2-12 – what’s coming next???
- Living with the new issue price rules
- Post MCDC Municipal Underwriting – Underwriters, Issuers & Those Serving Issuers
- Impact on Time of Trade Obligations
- MA Rule – Substantive Aspects Beyond Registration
Howell Linkous & Nettles, LLC
- Considerations on evaluating general obligation credits – an update.
- Recent developments regard public pension systems.
- Indications of the possible impact of tax reform on tax-exempt finance.
- New issue price documentation requirements.
Who Should Attend:
- Banking & Finance Lawyers
- Finance Officers
- Financial Advisors
- Credit Rating Agencies
- Portfolio Managers
- Bond Insurers
- Bond Counsel
- Bond Insurance Underwriting Executives
- Risk and Compliance Officers
- Chief Investment Officers
Suzanne Mayes, chair of Cozen O’Connor’s Public & Project Finance Practice Group and vice chair of the Business Law Department, focuses her practice on municipal and project finance, with an emphasis on economic development, transportation, public works, education, senior living and housing. She serves as bond counsel, underwriter’s counsel, borrower’s counsel, and disclosure counsel to a range of public, for-profit, and not-for-profit organizations in Pennsylvania, New Jersey, and Delaware. Suzanne is a founding member of the board of directors of Ladies First, a nonprofit organization dedicated to providing educational and networking opportunities to female public finance professionals in the mid-Atlantic region.
Suzanne Mayes, chair of Cozen O’Connor’s Public & Project Finance Practice Group and vice chair of the Business Law Department, …
Gregg is the CEO and a Co-Founder of Lumesis. He is a frequent speaker on municipal market compliance and has authored several articles on current regulatory issues impacting the municipal market. Prior to Lumesis, Gregg spent more than thirteen years with Ambac Financial Group where, most recently, he was responsible for Strategic Initiatives and previously served as Chief Administrative Officer and Employment Counsel. Gregg is a 1991 graduate of Brooklyn Law School. He received his B.S. in Business and Economics from the University of Maryland. He serves as a member of the Board of Directors of The Children’s Village, leads a fund-raising initiative (“Tri-ing for CV”) for the Children’s Village and is an amateur triathlete.
Gregg is the CEO and a Co-Founder of Lumesis. He is a frequent speaker on municipal market compliance and has …
Alan Linkous is an attorney in private practice in Charleston, South Carolina. He concentrates his practice in public finance, primarily in the roles of bond counsel, disclosure counsel, or underwriter’s counsel in municipal bond transactions. His experience regularly includes financings of governmental administrative facilities, water & sewer utilities, natural gas utilities, student housing, affordable multi-family housing projects, charter schools, solid waste disposal facilities, health care facilities, industrial development projects, and transportation and parking facilities.
As bond counsel or disclosure counsel, Mr. Linkous typically represents cities, counties, authorities, state institutions or agencies, special purpose governmental entities, or Native American tribes in the issuance of debt. As underwriter’s counsel or placement agent’s counsel, he represents regional or national investment banking firms or banks in the public sale or private placement of debt.
Mr. Linkous is licensed to practice law in both South Carolina and Georgia, and is a member of the National Association of Bond Lawyers. He also has prior experience in banking, as a commercial lender.
Alan Linkous is an attorney in private practice in Charleston, South Carolina. He concentrates his practice in public finance, primarily …
Print and review course materials
Method Of Presentation:
Experience in securities practice or finance
NASBA Field of Study:
Finance - Technical
NY Category of CLE Credit:
Areas of Professional Practice
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About Cozen O'Connor
Ranked among the top 100 law firms in the country, Cozen O’Connor has more than 600 attorneys in 23 cities across two continents. The full-service firm has nationally recognized practices in business law, litigation and government relations, and its attorneys have experience operating in all sectors of the economy. Cozen O’Connor’s diverse client list includes global Fortune 500 companies, middle-market firms poised for growth, ambitious startups, governmental and non-profit entities, and high-profile individuals.
About Lumesis, Inc.
Lumesis, Inc. is focused on providing regulatory, business efficiency and analytical solutions to the municipal bond marketplace. Founded in 2010, Lumesis is dedicated to serving the municipal market with industry-leading solutions that meet the needs of an evolving regulatory environment. Today, the company's DIVER platform helps hundreds of firms with over 44,000 users efficiently meet credit, regulatory and risk needs.