Clarifying Amendments to MSRB Rule G-37
In February 2016, the SEC approved amendments to MSRB Rule G-37, on political contributions and prohibitions on municipal securities business, and related amendments to MSRB Rules G-8 and G-9.
On its effective date of August 17, 2016, the Rule G-37 amendments will extend the core standards under Rule G-37 to municipal advisors, their political contributions and the provision of municipal advisory business. The amendments are designed to address potential “pay-to-play” practices by municipal advisors consistently with the MSRB’s existing regulation of dealers. Read More…