Independent financial advisers approve 'best disclosure practices'.

• Position: News Briefs - National Association of Independent Public Finance Advisors - Brief Article

At their October annual meeting in San Francisco, the National Association of Independent Public Finance Advisors adopted several best disclosure practices for their members to recommend to municipal issuers. The NAIPFA members are now encouraged to urge issuers to transmit their official statements electronically instead of submitting them in paper format. Issuers are also encouraged to use the Bond Market Association's standardized cover sheet on their disclosure filings. The NAIPFA also recommends that issuers include their bonds' CUSIP numbers on the front or inside front cover of official statements. CUSIP numbers identify...