Posts tagged Municipal Advisor conduct Rule G-42.
On November 9, the MSRB filed yet another amendment to its proposed Municipal Advisor conduct Rule G-42. The amendment adds Supplemental Material -.14 and -.15, creating a narrow exception to the principal-transaction ban for particular fixed-income securities after specified disclosure and client consent. To fall within the exception, three preconditions must apply: (a) the MA is a registered BD with respect to a Municipal Entity's ("ME") brokerage account and is acting without general discretion; (b) neither the MA (nor any affiliate) is acting as advisor on municipal ...
Posted in: MSRB
Tags: burr forman, MSRB, Municipal Advisor Conduct Rule, Municipal Advisor conduct Rule G-42, Rule G-42, securities litigation, Securities Litigation & Arbitrarion blog, Securities Litigation & Arbitration