Category: Alerts

Alaric Compliance Alert: SEC RFC Regarding Notice of Proposed Exemptive Order Granting Conditional Exemption from Broker Registration

On October 2, 2019 the SEC issued a request for comment (RFC) regarding their proposal to grant exemptive relief, subject to certain conditions, that would permit municipal advisors registered with the SEC under Section 15B of the Exchange Act to engage in certain limited activities in connection with the direct placement of municipal securities without registering as a broker under Section 15 of the Exchange Act.

CLICK HERE to read the complete RFC and for directions on how to submit comments.

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