The Municipal Securities Rulemaking Board should update its rule book to include training materials written for enforcement agents and references to related enforcement actions, and should clarify rules on fair dealing and financial advisors, according to the National Association of Bond Lawyers.
NABL Suggests Updates to MSRB's Rule Book
FEB 22, 2013 5:40pm ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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