Fixed Income Market Structure Advisory Committee — Municipal Securities Transparency Subcommittee

Summary Minutes of February 25, 2019 Call

The Municipal Securities Transparency Subcommittee held a call on February 25, 2019.

The call convened at approximately 3:00 p.m. via telephone. The following Subcommittee Members were on the call:

  • Lynn Martin
  • Matt Andresen
  • John Bagley
  • Horace Carter
  • Michael Heaney
  • Ananth Madhavan
  • Elisse Walter
  • Brad Winges

The following staff from the Office of Municipal Securities joined the call:

  • Ahmed Abonamah
  • Adam Wendell

The following staff from the Division of Trading and Markets joined the call:

  • Elizabeth Baird
  • Tom Eady
  • Benjamin Bernstein
  • Michael Gaw

The following staff from the Division of Investment Management joined the call:

  • Paul Cellupica
  • Christian Broadbent

The following staff from the Division of Economic and Risk Analysis joined the call:

  • Abby Kim
  • Louis Craig
  • Michael Schihl

Abby Kim Louis Craig Michael Schihl

Subcommittee members discussed issues and potential solutions related to promoting (i) greater retail investor participation in the primary offering process for municipal securities and (ii) increased secondary market trading liquidity for retail customers. Subcommittee members also discussed issues relating to the timeliness of municipal financial reporting.

The call concluded at approximately 3:45 p.m.