MSRB rules

The Municipal Securities Rulemaking Board's request for comment on Rule G-12(c) on inter-dealer confirmations should eliminate the provision altogether as many of its applications have been rendered obsolete.

The board is asking market participants to submit input on how their rules and practices generally impact small firms.

Knoxville, Tennessee-based Home Financial Services failed to disclose execution time, mark ups and mark downs to customers on municipal securities transactions, FINRA said.

The board expects to have FY 2024 fees filed with the Securities and Exchange Commission before Dec. 1.

New York-based Odeon Capital failed to report approximately 225 municipal securities transactions to RTRS over a two and a half year period.

The Municipal Securities Rulemaking Board will meet Oct. 25-26 to hold its first meeting of FY 2024.

The Municipal Securities Rulemaking Board's FY 2024 budget represents a 4.8% increase over the prior fiscal year.

This fiscal 2024 report provides a closer look at the stewardship of our reserve funds and how we plan to allocate technology resources in the year ahead to deliver value to our stakeholders.

The draft amendments seek to retire 40 pieces of interpretive guidance related to interdealer confirmations.

The Municipal Securities Rulemaking Board heads into its new fiscal year focused on market regulation, improving data for the muni market, and updating its EMMA technology platform.

The firm, without admitting or denying the findings, agreed to pay a $60,000 civil penalty.

During its quarterly board meeting, the MSRB approved its controversial one-minute trade reporting window and approved a $47 million budget for FY 2024.

Cincinnati-based Fifth Third Securities is the seventh firm charged by the Commission for failing to comply with the appropriate disclosures in connection with the limited offering exemption.

The proposed change to a one-minute reporting window will be discussed at the Municipal Securities Rulemaking Board upcoming quarterly meeting.

The rule amendments would create an exemption for previously qualified municipal advisors to forego requalification after a lapse in working for a municipal advisor.

The SEC has settled with Robert Benecke and his firm Benecke Economics for acting as an unregistered MA in a case that is emblematic of the growing problem regulators and advisors alike face.

The MSRB has received approval from the SEC for its amendments to Rules G-12 on uniform practice and G-15 on confirmation, clearance, and settlement practices.

The amendments make some key rule changes, including on the use of testimonials in municipal advisor advertising.

The MSRB will request comment on Rule G-12 on inter dealer confirmations and seeks to codify or retire nearly 40 pieces of interpretive guidance related to it.

The MSRB's upcoming board meeting on will focus on time of trade reporting, amendments to Rules G-47 on time of trade disclosures and D-15 on sophisticated municipal market professionals.