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Municipal Advisor Registration: What You Need to Know
Author(s) -
Kreps Bart,
Warmath Alexis
Publication year - 2014
Publication title -
journal ‐ american water works association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.466
H-Index - 74
eISSN - 1551-8833
pISSN - 0003-150X
DOI - 10.5942/jawwa.2014.106.0049
Subject(s) - commission , business , finance , debt , government (linguistics) , capital market , capital (architecture) , investment (military) , accounting , law , linguistics , philosophy , archaeology , politics , political science , history
The Dodd‐Frank Wall Street Reform and Consumer Protection Act is reshaping the financial markets of the United States and affects any municipal entity that is seeking to borrow money in the public market. With regard to issuing debt to address water or wastewater capital investment needs, any government‐owned utility falls under the definition of a municipal entity (as defined under the Securities and Exchange Act of 1934 §15B(e)(8)) and will be required to comply with the new rules and regulations promulgated by the Securities and Exchange Commission.