Revisions to MSRB Suitability Rule G-19
Published on:
May 6, 2013
Committee:
SIFMA provides comments to the Municipal Securities Rulemaking Board (MSRB) on revisions to the MSRB Suitability Rule, G-19. SIFMA continues to support the harmonization of Rule G-19 with Financial Industry Regulatory Authority (FINRA) Rule 2111. Such harmonization will promote more effective business practices and efficient compliance. SIFMA believes the MSRB should eliminate or justify any differences between the proposal and FINRA 2111 – as separate rules covering the same conduct will unnecessarily lead to regulatory confusion and increased compliance costs.