The Municipal Securities Rulemaking Board guidance on Rule G-17 that governs fair dealing was "over lawyered," says Executive Director Lynnette Kelly. "The people we seek most to protect, [issuers], are almost the ones [who have] complained the most loudly about not liking this rule," Kelly said while also emphasizing that the MSRB supports the principles behind the guidance and plans to simplify it. Learn more at SIFMA's G-17 Model Disclosures Resource Center.

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