2015 Outlook: Securities Regulation

January 2, 2015 11:57 AM

Leslie Norwood, managing director, associate general counsel, and co-head of munis at the Securities Industry and Financial Markets AssociationWe expect 2015 to be again the year of municipal advisor regulation, said Leslie Norwood.

Leo Karwejna, chief compliance officer and managing director, Public Financial ManagementThe MSRBs MA rulemaking will flesh out important details for the MA community next year, Karwejna said.

Ernie Lanza, a shareholder at Greenberg TraurigErnie Lanza said it would be a surprise if the SEC offers no more guidance on its MA rule.

Mike Nicholas, chief executive officer at Bond Dealers of AmericaMike Nicholas said he expects the regulatory focus to pivot to secondary market issues in the coming year.

Michael Decker, a managing director and co-head of munis at the Securities Industry and Financial Markets AssociationMichael Decker said Congress could take another look at the SECs muni advisor rule.

Lynnette Kelly, Municipal Securities Rulemaking Board executive directorThe MSRB will be working on muni advisor rules, but also has pricing transparency regulation to get done in 2015, Lynnette Kelly said.

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