The Municipal Securities Rulemaking Board (MSRB) today requested approval from the Securities and Exchange Commission for a proposed rule change to MSRB Rule G-8, Rule G-11 and Rule G-32. If approved, the proposed changes would help to address concerns that new issues of municipal bonds are not being distributed among different types of retail investors according to the preferences of the state or local government issuing the bonds.
The rule filing is available at:
http://msrb.org/Rules-and-Interpretations/SEC-Filings/~/media/Files/SEC-Filings/2013/SR-MSRB-2013-05-SEC-Filing.ashx