MSRB rules

Analysts have noticed a definite hesitance of issuers to talk to them one-on-one and blame the MSRB's market advisory warning issuers against revealing material information to select investors.

Groups representing both dealer and non-dealer muni advisors are opposed to the MSRB's new rule and rule changes on advertising because they are too dissimilar from FINRA's rules and could be confusing.