Page 6 - Msrb Rules News Today

The Municipal Rulemaking Securities Board's annual report and audited financial statements were published Tuesday.

The Municipal Securities Rulemaking Board has begun accepting applications for two regulated and two public board positions until Feb. 7.

The MSRB's priorities for the year include action on ESG, updates to its EMMALabs platform, and more requests for comment aimed at modernizing its rulebook.

Some firms are voluntarily self-reporting potential supervisory and suitability rule violations.

FINRA found that RBC’s supervisory system did not flag recommendations that resulted in potentially unsuitable concentrations of high-yield bonds in certain customer accounts.

The defendants are raising questions about due process and the definition of fee-splitting arrangements.

Underwriter Cantone Research’s alleged fraudulent misrepresentations are tied to two defaulted bond offerings.

Modernizing rules and leveraging technology are focal points for the organization.

Erring on the side of caution and good documentation are key to managing conflicts of interest

FINRA said the firm failed to detect and resolve short positions in municipal securities