MSRB publishes its first compliance advisory for broker-dealers
Abstract
Purpose
To summarize the Municipal Securities Rulemaking Board’s 2016 Compliance Advisory for brokers, dealers and municipal securities dealers.
Design/methodology/approach
Summarizes several Municipal Securities Rulemaking Board (MSRB) rules that the Compliance Advisory highlights as presenting key compliance risks for brokers, dealers and municipal securities dealers. Discusses the factors included in the Compliance Advisory that dealers should consider when evaluating compliance procedures and controls.
Findings
By highlighting some key compliance risks and providing considerations tailored to those risks, the Compliance Advisory can be used as a tool to aid dealers in developing and assessing effective compliance programs.
Practical implications
Dealers should consider reviewing their firms’ existing compliance policies and procedures in light of the considerations discussed in the Compliance Advisory.
Originality/value
Practical guidance from experienced securities and financial services regulatory lawyers.
Keywords
Citation
Anderson, S.R. and Poorbaugh, K.S. (2016), "MSRB publishes its first compliance advisory for broker-dealers", Journal of Investment Compliance, Vol. 17 No. 3, pp. 49-51. https://doi.org/10.1108/JOIC-07-2016-0026
Publisher
:Emerald Group Publishing Limited
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