SUMMARY
The MSRB recently announced it is seeking public comment on its on a draft compliance resource about core requirements for municipal advisors related to providing advice on, and making recommendations of, municipal securities transactions or municipal financial products. MSRB Rule G-42, on the duties of non-solicitor municipal advisors, forms the foundation of a comprehensive regulatory framework for municipal advisors developed as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The MSRB’s draft compliance resource is intended to enhance municipal advisors’ understanding and application of Rule G-42.