Fixed Income Market Structure Advisory Committee — Municipal Securities Transparency Subcommittee

Summary Minutes of May 20, 2019 Call

The Municipal Securities Transparency Subcommittee held a call on May 20, 2019.

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

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

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

Rebecca Olsen
Adam Wendell

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

Brett Redfearn
Elizabeth Baird
Tom Eady
Benjamin Bernstein

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

Subcommittee members discussed and agreed to present to FIMSAC a recommendation relating to increased secondary market trading liquidity for retail customers.

The call concluded at approximately 3:30 p.m.