SIFMA provided comments to the Securities and Exchange Commission (SEC) on the Municipal Securities Rulemaking Board’s (MSRB) proposed rule on supervisory and compliance obligations of municipal advisors when engaging in municipal advisory activities (Rule G-44) and changes on associated draft amendments to existing MSRB Rules G-8, on books and records, and G-9, on the preservation of records.

SIFMA continues to support the MSRB’s efforts to ensure that municipal advisors re properly supervised and that all municipal advisors adopt a supervisory structure for engaging in municipal advisory activities. SIFMA commends the MSRB for proposing a supervisory regime for municipal advisors of similar robustness as the requirements of MSRB Rule G-27 – resulting in a level regulatory playing field for all municipal advisors.

Related Material 

MSRB’s Filing with the SEC (July 29, 2014)

Request for Comment on Draft MSRB Rule G-44, on Supervisory and Compliance Obligations of Municipal Advisors (February 25, 2014)

SIFMA Submits Comments to the MSRB on Supervision of Municipal Advisory Activities, Books and Records, and Preservation of Records (June 24, 2011)