Publication | The Bond Buyer
MCDC Non-Compliance May Prove Costly
Ozgur Kan discusses settlements by the Securities and Exchange Commission under its Municipalities Continuing Disclosure Cooperation initiative, which encouraged municipal underwriters and issuers to voluntarily disclose past non-compliance and improve future continuing disclosure. He suggests that issuers that did not come forward during the self-reporting period may experience a higher cost of non-compliance.
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