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Expanded Compact
Number Name Status Rule Category Regulated Entity
Rule G-7 Information Concerning Associated Persons
Regulated Entity Administration Dealers, Bank Dealers
Rule G-14 Reports of Sales or Purchases
Market Transparency Dealers, Bank Dealers
Rule G-40 Advertising by Municipal Advisors
Fair Practice Municipal Advisors, Municipal Fund Securities
Rule A-12 Registration
Dealers
Rule G-7
Last Updated: 08/01/2014
Information Concerning Associated Persons

Rule Summary: Requires dealers to obtain information from their associated personnel concerning their qualifications to engage in municipal securities business and contemplates that this information will be filed with the appropriate regulatory agency.

Rule for:

Dealers, Bank Dealers

Status:
Request for Comment
Request for Comment on Gathering and Display of Bank Dealer Associated Persons’ Registration and Qualification Information
View Notice
Rule G-14
Last Updated: 03/14/2016
Reports of Sales or Purchases

Rule Summary: Prohibits dealers from distributing or publishing reports of purchases or sales of municipal securities unless the report is made with knowledge or reason to believe that the transaction was effected, and without any reason to believe that the reported transaction is fictitious, or in furtherance of any fraudulent, deceptive or manipulative purpose, and establishes transaction reporting requirements and procedures.

Rule for:

Dealers, Bank Dealers

Status:
Request for Comment
Request for Comment on Transaction Reporting Obligations under MSRB Rule G-14
View Notice
SEC Filing
Proposed Rule Change to Amend the MSRB’s Real-Time Transaction Reporting System and Price Dissemination Information Facility to Retire the Transmission Control Protocol Secure Socket Connection
View SEC Filing
SEC Filing
Proposed Rule Change to Amend MSRB Rule G-14 to Shorten the Timeframe for Reporting Trades in Municipal Securities to the MSRB
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Notice
SEC Approves Amendments to MSRB Rule G‐14 to Shorten Timeframe for Reporting Transactions in Municipal Securities
View Notice
Rule G-40
Last Updated: 07/03/2023
Advertising by Municipal Advisors

Rule Summary: Prohibits municipal advisors from publishing false or misleading advertisements concerning the services of the municipal advisor or the engagement of a municipal advisory client or concerning the facilities, services or skills of any municipal advisor, establishes specific content standards for advertisements and requires a municipal advisor principal to approve, in writing, advertisement prior to first use.

Rule for:

Municipal Advisors, Municipal Fund Securities

Status:
Guidance
FAQs regarding the Use of Social Media under MSRB Rule G-21, on Advertising by Brokers, Dealers or Municipal Securities Dealers, and MSRB Rule G-40, on Advertising by Municipal Advisors
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Notice
SEC Approves Amended MSRB Rule G-40 on Advertising by Municipal Advisors, Related Amendments to MSRB Rule G-8(h) on Books and Records to be Made by Municipal Advisors and Related Updates to the MSRB’s FAQs regarding the Use of Social Media
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Compliance Resource
FAQs on Use of Municipal Advisory Client Lists and Case Studies
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Compliance Resource
Application of the Content Standards to Advertisements by Municipal Advisors under MSRB Rule G-40
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Compliance Resource
Assessing Supervision of Municipal Advisor Advertising Regulations
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Rule A-12
Last Updated: 08/09/2022
Registration
Rule for:

Dealers

Status:
Request for Comment
Request for Comment on Gathering and Display of Bank Dealer Associated Persons’ Registration and Qualification Information
View Notice