MSRB proposes new requirements on performance data in ads

The Municipal Securities Rulemaking Board (MSRB) has issued Notice 2004-43 proposing that advertisements used or produced by dealers that show 529 performance data either include such data current to the most recent month, or data current to the most recent quarter along with a phone number or website that can be contacted for perfomance data current to the most recent month (allowing for a 7 day lag). Comments are due by January 19, 2005.
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