MSRB Requests Comment on Proposal to Consolidate Guidance for Dealers on Obligations to Experienced Investors

The MSRB is seeking comment on a proposal to consolidate guidance for municipal securities dealers who deal with experienced investors called sophisticated municipal market professionals ("SMMPs"). Essentially, the rule would define which investors are deemed to be SMMPs and clarify the extent to which reduced obligations are owed to SMMPs. Comments on the proposed SMMP rules should be submitted no later than June 12, 2013.

View notice in full here (links externally to MSRB website).