MSRB Withdraws SEC Rule Filing Regarding Amendments to MSRB Rule A-3

The MSRB withdrew its rule filing with the SEC on proposed amendments to MSRB Rule A-3, on membership on the MSRB Board of Directors. According to the MSRB press release, the amendments faced unexpected opposition despite the MSRB's intended goal of attracting additional investor experience to its Board. The MSRB states that it will reconsider alternatives to address the need for greater investor representation.

Related News: The MSRB Submits Rule Change as to Membership on Its Board (July 8, 2013); MSRB Files Proposed Change to Rule A-3 (July 24, 2013).