Municipal Securities Rulemaking Board

MSRB Request For Comment on Underwriting Activities of Financial Advisors

On August 17, the Municipal Securities Rulemaking Board issued a request for comment on draft amendments to Rule G-23, which would prohibit any broker, deal or municipal securities dealer acting as a financial advisor to an issuer in connection with a new issue of municipal securities from also acting as underwriter for such issuance.  The MSRB has included a list of topics on which comments are sought.  Comments are requested no later than September 30. MSRB Request for Comment