WASHINGTON — Industry groups and municipal market professionals are urging the Municipal Securities Rulemaking Board to modify proposed rules aimed at ensuring underwriters and dealers comply with issuers’ so-called retail-order periods.

In comment letters filed with the MSRB, Bond Dealers of America described the board’s proposal as heavy handed, and predicted it could lead to increased costs and unreasonable administrative burdens.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.