MSRB Proposes Increased Access To Preliminary Statements

Law360, New York (December 12, 2012, 3:56 PM EST) -- The Municipal Securities Rulemaking Board on Wednesday said it is floating a proposal which would improve investor access to information about new issues of municipal securities by increasing the availability of preliminary official statements.

The board said it is seeking public comment on its proposal, which would make the statements available for all investors on its Electronic Municipal Market Access website, which it describes as a free resource for municipal securities information.

"One of the MSRB's investor protection priorities is improving disclosure and the availability of...
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