On May 31, the MSRB published a concept release seeking comment on a possible proposal to require underwriters and municipal advisors to disclose whether they have made or received certain payments in connection with new issues of municipal securities. Comments must be submitted no later than July 31, 2012. MSRB Concept Release.
Concept Release
Mortgage REITs and the Investment Company Act 3(c)(5)(C) Exclusion
On August 31, the SEC issued a Concept Release to seek public comment on interpretations of Section 3(c)(5)(C) of the Investment Company Act and its use by REITs in acquiring mortgages and mortgage-related instruments. Click here to read more.