Analysis of SIFMA Model Memorandum to Underwriter’s Counsel

Paper to highlight issues to consider when reviewing the Securities Industry and Financial Markets Association’s (SIFMA’s) “Model Memorandum to Underwriter’s Counsel for New Issues of Municipal Securities,” or other written guidance modeled on the Memorandum. It also includes recommendations on how the proposed duties may be modified and/or limited in scope. Any such modifications should…