MSRB and FINRA to Host Webinar on Proposals to Provide Pricing Reference Information to Investors

The MSRB and FINRA announced a joint educational webinar on companion rule proposals that would require the disclosure of pricing reference information on customer confirmations for transactions in fixed-income securities.

Under the two proposals, which are substantially similar, bond dealers in retail-sized fixed-income transactions would be required to disclose (i) on the customer's confirmation, the price of certain same-day principal trades in the same security, and (ii) the difference between this reference price and the customer's price.

The free webinar will take place on December 18, 2014. Comments on the proposals should be submitted to the MSRB and FINRA by January 20, 2015.

See: MSRB Press Release.Related news: FINRA and MSRB Propose Requiring Confirmation Disclosure of Pricing Information in Fixed Income Securities Transactions (FINRA Reg. Notice 14-52; MSRB Reg. Notice 2014-20) (with Patel Comment) (November 17, 2014).