MSRB Notice 2013-12: SEC Approves Amendments to MSRB Rule G-39 on Telemarketing

The SEC approved amendments to the MSRB Rule G-39, on telemarketing that expand the scope of the rule to include additional provisions which are substantially similar to Federal Trade Commission ("FTC") rules prohibiting deceptive and other abusive telemarketing acts or practices.Rule G-39 requires brokers, dealers, and municipal securities dealers ("dealers") to, among other things, maintain do-not-call lists and limit the hours of telephone solicitations to customer residences.

Effective Date: August 22, 2013.

See: MSRB Notice 2013-12.