The Municipal Securities Rulemaking Board is asking for public comment on whether its Rule G-14 on reports of sales or purchases should be revised to require broker-dealers to report municipal securities transactions between a dealer's so-called proprietary desk and another desk within the same firm.

Under Rule G-14, dealers are required to report information about their muni trades with other dealers and customers to the board's real-time transaction reporting system. However, "internal movements" of securities within a dealer organization are not required to be reported because the dealer is not buying or selling for any external entity. There is no transfer of ownership.

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