Dodd-Frank Sparks Anxiety Issues

The Bond Buyer reports:

many of Dodd-Frank’s key municipal securities provisions remain unimplemented. They include the creation of a stand-alone municipal securities office at the Securities and Exchange Commission, whose director would report directly to the chairman, and the definition of “municipal adviser” — a new category of regulated entities, established by the statute.

“There are just as many questions a year later, if not more, it seems to me, than at the time Dodd-Frank passed,” said William Daly, senior vice president of government relations for the Bond Dealers of America. “In some ways, things have gotten less clear.”

Great moments in government.