Series 7: 3.6.40. Rule G-42—Duties Of Non-Solicitor Municipal Advisors

Taken from our Series 7 Online Guide

3.6.40. Rule G-42—Duties of Non-Solicitor Municipal Advisors

The MSRB requires that municipal advisors meet certain standards of conduct in their dealings with municipal entities, which includes fulfilling two duties: a duty of care and a duty of loyalty.

In order to fulfill its duty of care, the municipal advisor must have enough knowledge and expertise to give informed advice, reasonably inquire into all relevant facts bef

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