Today, the BDA submitted a comment letter addressing MSRB Draft Rule G-3 on professional qualification requirements for municipal advisors.
Specifically, the letter addresses the following:
- All municipal finance professionals should have the same training;
- BDA suggested alternatives to the MSRB’s approach so as to alleviate some of our anticipated concerns;
- The rule, as proposed, would be prohibitively costly to the industry; and
- A suggested delay in implementation.
You can find the final comment letter here.