Rules of the Game: Working with Regulated Entities for Debt Management

Debt issuing organizations often rely heavily on outside professionals—municipal advisors, bond counsel, underwriters, and others—to navigate the complexities of planning and issuing debt. This session will walk issuers through the federal protections designed to support issuers, including fair dealing duties, obligations to avoid conflicts of interest, the municipal advisor’s federally-mandated duty of care and duty of loyalty, and counsel’s professional obligations.

The session will also discuss considerations when selecting and managing professional service providers, what questions to ask, and what warning signs to watch for during the structuring and sale of municipal securities. By strengthening their understanding of these regulatory frameworks and professional roles, issuers will be better equipped to protect their interests, safeguard taxpayer resources, and achieve better outcomes when entering the municipal bond market.