WASHINGTON -- Dealers that fail to report timely and accurate municipal bond transaction information to clearing agents not only violate MSRB rules, but also risk being "hammered" by securities regulators and lawmakers who want such data made public, an MSRB official said.

Christopher Taylor, executive director of the Municipal Securities Rulemaking Board, issued the warning at a meeting with securities firm officials in New York City on Monday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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