SIA Submits Comments to the MSRB on Draft Guidance on Dealer Responsibilities in Connection with Municipal Securities Transactions
Published on:
December 4, 2000
The Securities Industry Association (SIA)* provides comments to the Municipal Securities Rulemaking Board (MSRB) on theNotice and Draft Interpretive Guidance on Dealer Responsibilities in Connection with both Electronic and Traditional Municipal Securities Transactions, specifically SIA shares concerns about Rule G-19: Suitability of Recommendations and Transactions.Among its concerns, SIA believes that the draft guidance may unjustifiably expand the commonly held views of what a recommendation is and what the suitability obligation entails.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.