FASB’s Invitation to Comment – Agenda Consultation
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
Summary
SIFMA provides comments to the Municipal Securities Rulemaking Board (MSRB) responding to the MSRB’s request for comment on whether to require dealers to adopt a “Best Execution” standard for municipal securities transactions, MSRB Notice 2013-16.
SIFMA feels strongly that raising execution standard provides an opportunity to improve public trust and confidence in the municipal securities market. More important than a rule’s label, is the process that dealers would have to undertake.
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