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Rule G-40
Last Updated:
07/03/2023
Advertising by Municipal Advisors
Rule Summary: Prohibits municipal advisors from publishing false or misleading advertisements concerning the services of the municipal advisor or the engagement of a municipal advisory client or concerning the facilities, services or skills of any municipal advisor, establishes specific content standards for advertisements and requires a municipal advisor principal to approve, in writing, advertisement prior to first use.
Rule for:
Municipal Advisors, Municipal Fund Securities
Status:
Notice (05/15/2023)
SEC Approves Amended MSRB Rule G-40 on Advertising by Municipal Advisors, Related Amendments to MSRB Rule G-8(h) on Books and Records to be Made by Municipal Advisors and Related Updates to the MSRB’s FAQs regarding the Use of Social Media
Compliance Resource (07/03/2023)
FAQs on Use of Municipal Advisory Client Lists and Case Studies
Compliance Resource (07/03/2023)
Application of the Content Standards to Advertisements by Municipal Advisors under MSRB Rule G-40
Compliance Resource (07/03/2023)
Assessing Supervision of Municipal Advisor Advertising Regulations
Rule A-12
Last Updated:
08/09/2022
