Institute Comments to MSRB Address Section 529 Plan Rules

Washington, DC, September 27, 2001 - The Institute has submitted a letter to the Municipal Securities Rulemaking Board (MSRB) regarding the MSRB's request for comment on the application of various MSRB rules to Section 529 plans. The Institute's letter encourages the MSRB to regulate municipal fund securities in a manner consistent with the regulation of mutual funds under the federal securities laws and the rules of the NASD. The Institute's comments address particular issues raised in the MSRB's Notice, including the following:

  • relief for certain municipal securities dealers,
  • the amount of commissions and fees charged in connection with Section 529 plans,
  • required confirmation disclosure of fees and other charges,
  • additional disclosure considerations, and
  • capacity of dealers.

  

© 1997 - 2008 Investment Company Institute