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As part of its retrospective review of rules and guidance, the MSRB requests feedback on its ethical standards and disclosure obligations for municipal securities dealers who act as financial advisors to issuers of municipal securities.
within Intellectual Property, Food, Drugs, Healthcare, Life Sciences and Transport topic(s)
As part of its
retrospective review of rules and guidance, the MSRB requests feedback on its ethical standards and
disclosure obligations for municipal securities dealers who act as
financial advisors to issuers of municipal securities. Comments
must be submitted by August 19, 2019.
In particular, the MSRB seeks comments on whether the
requirements of
MSRB Rule G-23 are sufficient to meet the rule's stated
purpose and reflect current practices in the municipal securities
market. The rule is in large part intended to limit the conflict of
interest between a dealer acting as an advisor and its issuer
client; for example, the rule generally prevents the advisor from
also acting as an underwriter or as a remarking agent.
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