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Contact: Jennifer A. Galloway, Chief Communications Officer
             (703) 797-6600
             jgalloway@msrb.org

MSRB’S REVISED TELEMARKETING RULE APPROVED  

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) announced today that the Securities and Exchange Commission has approved the MSRB’s revised telemarketing rule to more closely align certain provisions with similar rules of the Federal Trade Commission (FTC). MSRB Rule G-39 prohibits dealers from engaging in deceptive and other abusive telemarketing practices.

The revisions to Rule G-39 on telemarketing are effective August 22, 2013. The MSRB is adopting provisions that, among other restrictions, prohibit dealers that engage in telemarketing from blocking their caller identification information, under certain circumstances. The revised rule also requires dealers to retain a permanent record of a person’s request not to receive further telemarketing calls. 

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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