In the Press
March 30, 2023

Advisers and Brokers Must Be Wary of Municipal Advisor Registration Requirements (Hedge Fund Law Report)


Last fall, the SEC resolved its first-ever enforcement proceeding against a broker-dealer for failure to comply with the registration requirements for municipal advisors. The SEC claimed that a representative of broker-dealer Loop Capital Markets, LLC had provided advice concerning purchases of municipal securities to a Midwestern city without the firm’s being registered as a municipal advisor. Hedge Fund Law Report details the alleged violations and the terms of the resolution, with commentary and recommendations for avoiding violations of the municipal advisor registration rules from Peter LaVigne, Financial Services and Fintech partner.