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New MSRB Suitability and Time of Trade Disclosure Rules Effective July 9, 2014

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March 17, 2014
Client Alert

The Securities and Exchange Commission recently approved the Municipal Securities Rulemaking Board’s rule proposals that focus on fair dealing obligations of dealers in municipal securities. The new rules are effective on July 9, 2014 and include:

The new suitability rule essentially mirrors FINRA Rule 2111. A comparison of the MSRB rule and the FINRA rule appears at the end of this Client Alert, and a link to the comparison is included below.

View Relevant Document(s):