The Municipal Securities Rulemaking Board’s (MSRB) request for approval from the Securities and Exchange Commission (SEC) of a proposal to require municipal securities dealers to seek the most favorable price possible when executing transactions for retail investors has been published in the Federal Register. The “best-execution” standard for transactions in the municipal market aims to protect investors and improve the structure and efficiency of the municipal market.
Read the notice of publication in the Federal Register.
The deadline for submitting comments to the SEC is September 29, 2014.