MSRB

The board will have 15 members for its fiscal year starting Oct. 1.

Effective spread data yielded interesting results about the way corporate and municipal bonds were treated by Fed backstop programs.

The board decided last month it would seek commission approval to tweak rules related to mandatory disclosures.

It was a busy quarterly board meeting for the MSRB.

Dealers and muni advisors think the loyalties of solicitor MAs should be clearly disclosed.

Giroux brings to the MSRB her experience advocating on behalf of both broker-dealers and bond lawyers.

The dealer group's concern is on the treatment of institutional SMMPs under the suitability standard.

Robert Clarke Brown has joined the Board of Directors for the remainder of the fiscal year.

The proposed changes are part of the MSRB's ongoing retrospective rule review.

The broker exercised discretion in seven customer accounts despite Morgan Stanley no longer allowing discretionary trading.