A broker-dealer settled FINRA charges for (i) conducting a municipal securities business without becoming a member of the MSRB and (ii) failing to amend its FINRA membership application prior to conducting private placement offerings.
News & Insights
The MSRB proposed a rule change to extend the time period to January 31 to annually affirm the information on Form A-12, the MSRB's consolidated electronic registration form.
The MSRB proposed extending the deadline for muni brokers, dealers, municipal securities dealers and municipal advisors to annually affirm the information on the MSRB's consolidated electronic registration form.
The SEC removed certain personally identifiable financial information from its Municipal Advisor Registration Forms, including from the Forms Funding Portal, Form MSD, Form MA, Form MA-I and Instructions for the Form MA Series.
In a Risk Alert, the SEC Office of Compliance Inspections and Examinations identified frequent compliance deficiencies found during a recent examination of newly registered municipal advisors.