MSRB Proposes Amendments to Consolidate Fair-Pricing Rules

The Municipal Securities Rulemaking Board ("MSRB") filed with the SEC two rule amendments regarding the fair-pricing obligations for broker-dealers and municipal securities dealers (collectively, "dealers"). The MSRB proposed to consolidate MSRB Rule G-18 ("Execution of Transactions") and Rule G-30 ("Prices and Commissions") into a single fair-pricing rule. The MSRB also proposed to consolidate existing interpretive guidance under MSRB Rule G-17 ("Conduct of Municipal Securities and Municipal Advisory Activities") and G-30 to codify it into the same rule.

See: Text of Proposed Rule Change.Related news: MSRB Notice 2013-15: Request for Comment on Proposed Fair-Pricing Rule (August 6, 2013).

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