MSRB Board Focuses on Investor Education at Quarterly Meeting

At its quarterly meeting, the MSRB Board of Directors:

• examined comments received on draft amendments to MSRB Rule G-30 that provide guidance on how municipal securities dealers calculate markups;

• reviewed public comments on the MSRB's proposal to update requirements for municipal securities dealers concerning the closeout of open inter-dealer transactions; and

• agreed to solicit comments on a proposal to establish continuing education requirements for municipal advisors pursuant to the Dodd-Frank Act.

SEC Chair Mary Jo White attended the meeting.