{"id":1342,"date":"2013-11-13T14:01:27","date_gmt":"2013-11-13T14:01:27","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/11\/sros_at_work_msrb_prioritizes"},"modified":"2022-03-10T16:39:07","modified_gmt":"2022-03-10T22:39:07","slug":"sros-at-work-msrb-prioritizes","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sros-at-work-msrb-prioritizes\/","title":{"rendered":"SROs at Work: MSRB Prioritizes Fiduciary Duty When Setting Up New Muni Advisor Regime & FINRA Puts Out Closed-End Funds Alert to Investors"},"content":{"rendered":"

\t\t\t\tMSRB Makes Defining Fiduciary Duty Central to Developing Municipal Advisor Regulatory System <\/strong><\/p>\n

Municipal Securities Rulemaking Board says that in coming up with a regulatory system for municipal advisors it’s number one priority is to get clear about the statutory fiduciary duty<\/a> that these entities would owe to their local and state government clients. The MSRB’s board of directors has asked staff to create a rule proposal that would give guidance on the fiduciary obligation that municipalities have to municipal entities. <\/p>\n

Following the release of the fiduciary duty proposal for comments, there also will be proposals about rules addressing possible pay-to-play activities in the industry, municipal advisory firms’ supervisory requirements, limits on gratuities and gifts to those who work for municipal securities issuers and other participants in the market, and solicitor duties. Along with the proposals, the MSRB plans to create a professional qualifications program geared for municipal advisors and perform outreach and education initiatives. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

MSRB Makes Defining Fiduciary Duty Central to Developing Municipal Advisor Regulatory System Municipal Securities Rulemaking Board says that in coming up with a regulatory system for municipal advisors it’s number one priority is to get clear about the statutory fiduciary duty that these entities would owe to their local and state government clients. The MSRB’s […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739,3855],"tags":[2629],"class_list":["post-1342","post","type-post","status-publish","format-standard","hentry","category-finra","category-municipal-securities-offerings","tag-closed-end-funds"],"yoast_head":"\nSROs at Work: MSRB Prioritizes Fiduciary Duty When Setting Up New Muni Advisor Regime & FINRA Puts Out Closed-End Funds Alert to Investors — Investor Lawyers Blog — November 13, 2013<\/title>\n<meta name=\"description\" content=\"MSRB Makes Defining Fiduciary Duty Central to Developing Municipal Advisor Regulatory System Municipal Securities Rulemaking Board says that in coming up — November 13, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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