Groups question MSRB's time-of-trade proposal

SIFMA and other groups are raising questions about a proposal from the Municipal Securities Rulemaking Board regarding dealers' time-of-trade disclosure requirements. "We are concerned that this particular proposal has significant gaps and will significantly expand the existing time-of-trade obligation -- something this proposal was not intended to do," said David Cohen, managing director and associate general counsel at SIFMA. Read SIFMA's comments to the MSRB.

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