SIFMA Submits Comments to the SEC on a Single General Rule for Prices and Remuneration

SIFMA submitted comments to the SEC on the MSRB's proposal to amend MSRB Rule G-30 ("Prices and Commissions") and delete Rule G-18 ("Execution of Transactions"). The comments focus on the nexus of execution and pricing, both of which SIFMA believes must be viewed together in order to form a complete and comprehensive best-execution rule. SIFMA requested that the SEC not move forward with approval for the rule to allow market participants to comment on a single filing with the SEC on dealer execution and pricing obligations.

See: SIFMA Comment Letter.Related news: MSRB Notice 2013-15: Request for Comment on Proposed Fair-Pricing Rule (August 6, 2013); MSRB Proposes Amendments to Existing Obligations of Municipal Securities Dealers Related to Fair Pricing (with Lofchie Comment) (January 29, 2014).See generally:MSRB Rule Calendar (for Cabinet subscribers only).