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Contact:             Lynnette Kelly Hotchkiss, Executive Director
                         (703) 797-6600
                         lhotchkiss@msrb.org

Contact:             Harold L. Johnson, Deputy General Counsel
                         hjohnson@msrb.org

 

MSRB PUBLISHES NOTICE ON APPLICATION OF
 MSRB RULES TO BOND INSURANCE RATINGS

Alexandria, VA – Today, the Municipal Securities Rulemaking Board (“MSRB”) published a notice reviewing some of the investor protection rules applicable to brokers, dealers and municipal securities dealers effecting transactions in insured municipal securities.  The MSRB determined to publish the notice because of the increased attention to bond insurance companies as a result of credit rating agency downgrades and ongoing credit agency reviews.  The notice reviews MSRB rules applicable to time of trade disclosure to customers, suitability determinations, fair pricing requirements and confirmation disclosure. 

A copy of the notice is attached and will soon be available at the MSRB’s website at www.msrb.org. 



 

The Municipal Securities Rulemaking Board (MSRB) protects and strengthens the municipal bond market, enabling access to capital, economic growth, and societal progress in tens of thousands of communities across the country. The MSRB fulfills this mission by creating trust in our market through informed regulation of dealers and municipal advisors that protects investors, issuers and the public interest; building technology systems that power our market and provide transparency for issuers, institutions, and the investing public; and serving as the steward of market data that empowers better decisions and fuels innovation for the future. The MSRB is a self-regulatory organization governed by a board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is overseen by the Securities and Exchange Commission and Congress.

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