United States:
MSRB Issues Compliance Resource On Trade Markups
06 August 2018
Cadwalader, Wickersham & Taft LLP
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The MSRB released a compliance resource for dealers on
(i) disclosing mark-ups and (ii) determining prevailing market
price. The resource is intended to assist dealers in their
compliance with amendments to
MSRB Rule G-15 and
Rule G-30, which took effect on May 14, 2018.
MSRB Rule G-15 requires dealers to disclose information on
retail customer confirmations for principal transactions; Rule G-30
mandates that dealers use diligence in determining the market value
of the security and the appropriateness of the compensation
received on a transaction.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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