California Debt and Investment Advisory Commission

Webinar Description

Securities and Exchange Commission (SEC) Municipalities Continuing Disclosure Cooperation Initiative: A Call to All Municipal Issuers
April 28, 2014
10:00 AM to 11:00 AM Pacific Time
Cost: Free

On March 10, 2014, the SEC announced a new cooperative enforcement initiative designed to encourage any issuers and underwriters of municipal securities to self-report certain violations of the federal securities laws. Issuers and underwriters have up until September 10, 2014, under the Municipalities Continuing Disclosure Cooperation Initiative (the “MCDC Initiative”) to self-report materially inaccurate statements in a final official statement regarding the issuer’s prior compliance with its continuing obligations as described in Rule 15c2-12. The SEC offers no assurances to issuer and underwriters who do not take advantage of the MCDC Initiative. The webinar will provide information on the MCDC Initiative, including:

  • The origins of the MCDC Initiative and why it is advantageous for issuers and underwriters to participate.
  • Issuers and underwriters who should consider self-reporting under the MCDC Initiative.
  • The process of self-reporting under the MCDC Initiative.