MSRB rules

Issuers are concerned that the Municipal Securities Rulemaking Board reopening discussion of Rule G-23 could bring back "shady" practices.

The Securities and Exchange Commission is on the lookout for municipal advisors skirting the Series 50 Exam.

The amended rules require dealers to disclose markups and markdowns as a total dollar amount and as a percentage of the prevailing market price to retail investors.

The BDA believes that in addition to removing the Rule’s restriction on competitively bid transactions, it should consider simply eliminating it altogether.

Though some dealers endured a technological headache, the year-old rules have improved transparency without disrupting trading, the MSRB said.

The Securities Industry and Financial Markets Association said to manually input the data would require more time and staff.

More insight into board member selection and decisions would benefit the market and its primary regulator.

The new amendments to be filed to the Securities and Exchange Commission will give disclosure responsibility to the lead underwriter, meaning less duplicative disclosure for issuers.

The MSRB said Rule G-29 doesn't make sense anymore since the rulebook can be accessed online.

The Municipal Securities Rulemaking Board is making its MuniEdPro free for all market participants.