David Unkovic, left, and Ryan Gonder, right, of McNees Wallace & Nurick. Courtesy photos Solicitors: Help Avoid Targeting by the SEC in Municipal Bond Offerings
Even the general practice solicitor that handles all day-to-day legal issues for the client will play an important role in the financing process.
August 04, 2022 at 09:49 AM
8 minute read
All attorneys representing municipal and other public sector clients should be aware of the potential for a U.S. Securities and Exchange Commission (SEC) investigation of their clients' public bond deals. Issuers generally will hire a team of professionals with specialized experience in public finance to assist them in completing a financing; such professionals commonly include bond counsel, disclosure counsel, and a municipal advisor. But even the general practice solicitor that handles all day-to-day legal issues for the client will play an important role in the financing process.
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