WASHINGTON -- The MSRB will ask the Securities and Exchange Commission on Monday to approve revisions to the board's political contributions rule, including one that would protect firms complying with the rule from being penalized for isolated violations by employees.

Christopher Taylor, executive director of the Municipal Securities Rulemaking Board, revealed the move at a workshop on issues facing the fixed-income securities markets held at the National Association of Securities Dealers annual conference yesterday.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.