By Paul Eckert, Bruce Newman and Daniel Martin ( August 3, 2017, 12:16 PM EDT) -- On July 12, 2017, the Financial Industry Regulatory Authority and the Municipal Securities Rulemaking Board published new implementation guidance on the bond markup disclosure requirements set to take effect next spring.[1] Under amended FINRA Rule 2232 and amended MSRB Rules G-15 and G-30, effective May 14, 2018,[2] dealers will be required to disclose on retail customer confirmations their markups on most municipal and corporate bond transactions, calculated from the bond's prevailing market price (PMP).[3]...
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