MSRB Proposes to Update Customer Account Transfer Rule

The MSRB proposed changes to rules on customer account transfers in order to provide a uniform standard for all municipal securities dealers. The MSRB filed proposed changes to MSRB Rule G-26 ("Customer Account Transfers") in order to "modernize" the existing rule, harmonize it with the rules of other self-regulatory organizations (particularly FINRA Rule 11870), and provide a uniform customer account transfer standard. The current proposal contains minor alterations in response to input received by the MSRB's January 6, 2017 request for comments.