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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) was established by Congress in 1975 with the mission to protect investors, issuers and the public interest and to promote efficiency, competition and capital formation. MSRB is a private, self-regulatory organization governed by an independent board of directors with market knowledge and expertise. MSRB does not receive federal appropriations and is funded primarily through fees paid by regulated entities. MSRB is overseen by Congress and the Securities and Exchange Commission.

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