According to a recent article in the Washington Post, the “MSRB says it needs more information to determine whether there needs to be a ban on engaging in business resulting from such [campaign] contributions. That’s why it will soon ask the SEC to approve a rule that requires more details from firms, such as the…
Category: FINRA & MSRB’s Retail Confirmation Markup Disclosure Rules
The BDA is advocating for one harmonized rule between the MSRB and FINRA that provides clear and valuable information to investors regarding markups on certain retail trades.
MSRB Recommends Additional Disclosure
Among the steps the MSRB recommends are steps that would provide guidance to underwriters to help them determine when they can reasonably believe that an issuer will live up to its continuing disclosure agreement. Under current rules, an issuer must reasonably believe that an issuer will meet its continuing disclosure obligations before it can underwrite…
BDA Releases Guidelines for Secondary Market Disclosure
These guidelines are in response to FINRA’s Notice 10-41 which included a “checklist.” A description of the guidelines is available here. An Executive Summary is available here.