Some municipal bond broker-dealers will be subjected to more frequent compliance examinations after the Securities and Exchange Commission approved changes proposed by the Municipal Securities Rulemaking Board. The SEC approved the changes to Rule G-16 late last week. SIFMA has asked the MSRB and the Financial Industry Regulatory Authority to explain how they will determine which muni broker-dealers will come under the new regime. Read the SIFMA letter.

Related Summaries