6.2 Roles and Responsibilities of Other Financing Participants

Various professionals are involved in the municipal securities issuance and sale process, including municipal advisors, underwriters, bond counsel, disclosure counsel, and underwriters’ counsel. These professionals have duties and obligations to various parties arising under securities and other laws and are also subject to independent professional responsibility standards. In working with financing professionals, municipal issuers must remain cognizant of these parties’ responsibilities issuers who impede professionals’ ability to comply with their respective securities law obligations will likely be denied their services and possibly denied access to the market.