The Municipal Securities Rulemaking Board (“MSRB”) is seeking comments on pay to play and related rules for municipal advisors. The new rules seek to implement the Dodd-Frank Act by establishing a comprehensive regulatory regime. Comments must be submitted to the MSRB no later than February 25, 2011.
This rulemaking has the potential to impact a significant segment of the financial industry by limiting political participation by regulated individuals and companies.
The MSRB notice can be found here.