Letters

Disclosure for Municipal Bond Sales in the Secondary Market

Summary

SIFMA provides comments to the Financial Industry Regulatory Authority (FINRA) on FINRA’s request for comment on frequently asked questions (FAQs) related to FINRA Regulatory Notice 10-41, FINRA Reminds Firms of Their Sales Practice and Due Diligence Obligations When Selling Municipal Securities in the Secondary Market.  In September 2010, FINRA released Regulatory Notice 10-41, advising Dealers that in meeting their disclosure, suitability and pricing obligations under MSRB Rules G-17, G-19, and G-30. SIFMA requests that FINRA give strong consideration to issuance of the recommended FAQs.

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