MSRB rules

The MSRB has said it is amending a pending rule change that would greatly shorten the reporting time standard for municipal bond trades, which could cause problems for certain transactions, dealer firms said.

The MSRB said its board at a previously scheduled meeting Thursday authorized the filing of further amendments to Rule G-14 .

FINRA found that Tradeweb had violated an MSRB rule by failing to include the 'NTBC indicator' when reporting certain municipal securities transactions.

The MSRB has a full slate of initiatives teed up, with an emphasis on modernizing its rulebook.

The MSRB is looking for industry input regarding proposed rules changes for Rules G-17, G-32 and G-47.

Rep. Patrick McHenry, R-N.C., also said implementation of the data standards law may be tricky with the change of administrations.

Independent Financial Group, LLC failed to ensure its employees were offering low-cost options to retail customers looking to rollover a 529 plan to another state.

The Commission credits its work this year partially to the willingness of market participants to self report and cooperate with investigations.

Panelists at the SEC, FINRA and MSRB joint Compliance Outreach Program looked at the state of municipal advisor regulation and how the Commission could respond going forward.

Drexel Hamilton and four of its representatives were charged by the Financial Industry Regulatory Authority for violating the retail order period eligibility criteria set by municipalities.