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.