Market regulation · 30/09/2011

MSRB Withdraws Proposed Rule Change on Gifts and Gratuities, Books and Records, and Preservation of Records

The Municipal Securities Rulemaking Board (MSRB) has withdrawn its proposed rule change that aimed to amend rules G-20, G-8, and G-9, which govern gifts and gratuities, books and records, and preservation of records, respectively, and clarify the applicability of certain interpretations by the Financial Industry Regulatory Authority and the National Association of Securities Dealers to municipal advisors.