The Securities and Exchange Commission recently launched its Municipal Continuing Disclosure Compliance (MCDC) initiative, which was designed to motivate municipal market participants to police themselves. The initiative encourages self-reporting related to possible material misstatements in offering documents regarding issuers’ compliance with past continuing disclosure undertakings. The MCDC program's settlement terms expire on September 10, 2014.

Participants in the municipal market should begin reviewing their compliance with secondary market disclosure undertakings over the past decade and ascertain if such compliance was accurately reported in all primary offerings in the past five years. If any noncompliance is found, issuers and underwriters should consult with counsel to determine the potential repercussions of self-reporting or not self-reporting.

This webinar will focus on what various participants in the municipal market, including issuers, borrowers, and underwriters, need to know about the MCDC initiative and considerations that should be made before self-reporting. 


12:00 PM - 1:00 PM ET | Webinar


John C. Grugan, Partner
Ballard Spahr

Bradley D. Patterson, Partner
Ballard Spahr

Matt Duke, Partner
Avant Strategic Partners

This program is open to Ballard Spahr clients and members of the financial services industry. There is no cost to attend. This program is not eligible for continuing education credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Lisa Prickril at

Program Contact

Lisa M. Prickril