municipal securities dealers

MSRB Request for Comment on Broker’s Brokers Rule

On February 24, the MSRB requested comments on a draft rule and amendments that would govern the activities of municipal securities dealers that principally act as intermediaries on transactions between dealers (known as broker’s brokers). The proposed rule would define and establish the basic duties of a broker’s broker. Comments must be submitted by April 21. MSRB Release. MSRB Request for Comment.