Client Alert
The Municipal Securities Rulemaking Board recently announced the approval and effectiveness of its new fair-pricing rule. Amended MSRB Rule G-30 consolidates dealer fair-pricing obligations into a single rule on prices and commissions for principal and agency transactions in municipal securities. The new rule is effective on July 7, 2014. The new rule and Supplementary Material seeks to preserve the substance of current fair-pricing requirements under multiple existing rules and interpretive guidance.