SIFMA Supports MSRB's Proposed Amendments to Rules G-20 and G-8

SIFMA expressed support for MSRB's proposed amendments to MSRB Rules G-20 ("Gifts, Gratuities and Non-Cash Compensation") and G-8 ("Books and Records to Be Made by Brokers, Dealers and Municipal Securities Dealers").

In its comment letter to the SEC, SIFMA supported the extension of limits on gifts, gratuities and non-cash compensation to municipal advisors, but reiterated its previously stated objection to longer record retention requirements for dealers than for municipal advisors.