Friday, April 10, 2009

MSRB Rules

It's Friday morning and, as usual, I am visiting the FINRA website to see which firms are being hassled currently for rule violations. I always enjoy seeing some of your testable points in action, and this morning I see that a firm is being fined for failing to deliver official statements with new issues of municipal securities. As always, this is not a dig on the particular firm--there are so many ways to violate MSRB and FINRA rules that it would only surprise me if a well known firm did not find itself in hot water every couple of months.

You can read the news release at:

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