MSRB Proposes Rule Changes to Clarify Gifts, Gratuities, and Books and Records Rules

Summary

The Municipal Securities Rulemaking Board (MSRB) has filed a proposed rule change with the SEC to update rules G-20 and G-8, which govern gifts, gratuities, and non-cash compensation, as well as books and records for brokers and dealers. The proposed changes aim to clarify and modernize these rules.