The Securities & Exchange Commission, Municipal Securities Rulemaking Board (MSRB), & Financial Industry Regulatory Authority (FINRA) today announced that registration is open for a virtual Compliance Outreach Program for municipal market professionals. The free webcast is open to the public & will take place on Thursday, December 7, 2023, from 10:30 a.m. to 4:30 p.m. ET.

The program will provide municipal market participants an opportunity to hear from staff of the SEC, MSRB, & FINRA on timely regulatory & compliance matters for municipal advisors & dealers. Panel topics will include a discussion of compliance concerns of small dealer & municipal advisor firms, credit rating agency compliance concerns including rules of the road for municipal market participants, unregistered municipal advisory & dealer activity, pricing compliance, & a forward look at regulatory & enforcement priorities.

“This year marks the 10th anniversary of the final municipal advisor registration rule & the 13th year since the passage of Dodd-Frank, & I think it is a great opportunity for the SEC, MSRB, & FINRA to expand the compliance conference to all municipal market participants,” said Dave Sanchez, Director of the SEC’s Office of Municipal Securities. “The conference allows the SEC, MSRB, & FINRA a chance to speak jointly to the municipal market on where the examination, enforcement, & regulatory framework currently stands & where we see it going in the future. It will be a great program, & I am really looking forward to the new expanded scope.”

MSRB Chief Regulatory & Policy Officer Ernesto Lanza said, “Open dialogue among regulators & market professionals is critical to achieving a shared understanding of the rules in place to protect municipal securities investors & issuers. We are pleased to coordinate with the SEC & FINRA to create this opportunity for municipal advisors & dealers to hear directly from regulators about matters top of mind. Importantly, our program this year devotes time to the unique compliance concerns of small firms, which is a priority for the MSRB following a series of discussions the MSRB & FINRA held with minority-&-women owned & veteran-owned firms in the municipal market.”

Yolanda Trottman-Adewumi, FINRA Vice President of Specialist Programs & Exams said, “We are pleased to partner with the SEC & the MSRB to offer this substantive program designed to help market participants better understand their compliance obligations.”

Registration is being administered by FINRA & is available here: Personal Information – 2023 Compliance Outreach Program For Municipal Advisors | VIRTUAL ( The program is free & open to all. For those who cannot attend the live virtual program, the recording will be archived on the SEC’s Office of Municipal Securities’ webpage at, for later viewing. To submit questions in advance of the event, please email: [email protected].