More On Legal & Compliancefrom The Advisor's Professional Library
- The Few and the Proud: Chief Compliance Officers CCOs make significant contributions to success of an RIA, designing and implementing compliance programs that prevent, detect and correct securities law violations. When major compliance problems occur at firms, CCOs will likely receive regulatory consequences.
- Registration Requirements for Investment Advisor Representatives (IARs) When individuals launch an advisory firm, they must avoid marketing themselves or the firm as investment advisors before they are properly approved and registered. Otherwise, they are subject to severe penalties.
The Municipal Securities Rulemaking Board (MSRB) announced July 11 that it will begin using Twitter as another way to disseminate updates on municipal market regulation, as well as information about municipal market transparency and the MSRB’s Electronic Municipal Market Access (EMMA) website.
The MSRB’s twitter feed, @MSRB_News, will be periodically updated with key developments that could affect investors and municipal entities in the $3.7 trillion municipal market.
In addition to regulating the municipal market, the MSRB operates EMMA--an online, centralized database that provides free public access to municipal market data and documents. As MSRB explains, EMMA also provides real-time trade data for outstanding municipal bonds and current interest rates for auction rate securities and variable rate demand obligations.