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.
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