Securities Industry and Financial Markets Association (SIFMA) and Government Finance Officers Association’s (GFOA) Governmental Debt Management Committee provide comments to the Securities and Exchange Commission (SEC) on the proposed rule changes filed by the Municipal Securities Rulemaking Board (MSRB) to MSRB Rules G-8, G-11 and G-32 to include provisions specifically tailored for retail order periods.

SIFMA and GFOA submit this supplemental comment letter to encourage the SEC to ensure that an appropriate course of action is followed for this amended Proposal, and to strongly suggest that it be published with an opportunity for the public to comment.