The author provides market context to the MSRB’s 2016 mandate that “best execution,” a hallmark of the taxable fixed income and equity markets, becomes a staple for retail municipal bond investors. The discussion includes: (i) Current municipal price discovery methodologies, (ii) Electronic markets’ regulatory compliance tools, (iii) Implementation Guidance on MSRB Rule G-18, on Best Execution; and (iv) Recent municipal enforcement actions.
Insider Trading & Market Manipulation Literature Watch: Q1 2025
Quarterly literature watch highlight The article “Insider Trading in Connected Firms during Trading Bans,” (abstract and link below) adds to the new and...