The proposed guidance would subject underwriters to after-the-fact second guessing by regulators on matters such as the price of the bonds, disclosures to issuers, and retail orders. The BDA’s comments are available here.
The proposed guidance would subject underwriters to after-the-fact second guessing by regulators on matters such as the price of the bonds, disclosures to issuers, and retail orders. The BDA’s comments are available here.