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MSRB Files with SEC Revised Amendments to MSRB Rules on Retail Order Periods
September 6, 2013
The Municipal Securities Rulemaking Board (MSRB) today filed with the Securities and Exchange Commission revised amendments to MSRB Rule G-8, Rule G-11 and Rule G-32 on retail order periods.
The revised amendments are in response to comments received by the SEC on the MSRB’s original rule filing, which aimed to address concerns that new issues of municipal bonds are not being distributed among different types of retail investors according to the preferences of the state or local government issuing the bonds.