MSRB Increases Professional Fee for Municipal Advisor Representatives

The MSRB raised the annual fee charged to municipal advisor firms under MSRB Rule A-11 with respect to each person associated with a municipal advisor who is qualified as a municipal advisor representative. The fee will be increased from $300 to $500 per qualified municipal advisor representative.

The rule change is effective immediately, but the first payment under the revised rate will be due on April 30, 2018.