On October 3rd, the SEC provided notice of the Municipal Securities Rulemaking Board's filing of a proposed rule change that would amend MSRB Rule G-11 to prohibit, with carefully defined exceptions, brokers, dealers and municipal securities dealers from providing consents to changes in a bond authorizing document, such as trust indentures and bond resolutions. Comments should be submitted within 21 days after publication in the Federal Register, which is expected shortly. SEC Release No. 34-70607.
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