The Municipal Securities Rulemaking Board has filed a proposed rule change with the Securities and Exchange Commission that would tighten regulation of dealers' muni-related telemarketing practices and require them to respect customers' "do not call" requests indefinitely, rather than for just five years.
MSRB Asks SEC to Approve Stricter Telemarketing Rules
FEB 28, 2013 12:51pm 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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