Kit Addleman in Bond Buyer: Bond Industry Struggles Under Regulatory Burden, Experts Say


AUSTIN — The municipal bond industry is struggling to cope with heavy regulation while trying to broaden its appeal to the investment community, experts told The Bond Buyer 's Texas Public Finance Conference ...

Kit Addleman, a partner with the firm of Haynes and Boone, said that an issuer who stated that it had never failed to disclose any material events would effectively be opening more than five years of record to scrutiny.

"The settlements that were offered in MCDC were not all that different than those offered pre-MCDC," Addleman said. "There was a lot of incentive to participate or cooperate and the cost was enormous."

Excerpted from the Bond Buyer on February 11, 2015. To read the entire article, please click here (subscription required).

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