Fixed Income Market Structure Advisory Committee — Municipal Securities Transparency Subcommittee

Summary Minutes of November 26, 2018 Call

The Municipal Securities Transparency Subcommittee held a call on November 26, 2018.

The call convened at approximately 4:00 p.m. via telephone. The following Subcommittee Members were on the call:

Lynn Martin
Michael Heaney
Matt Andresen
John Bagley
Carole Brown
Horace Carter
Ananth Madhavan
Amy McGarrity

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

Rebecca Olsen
Ahmed Abonamah
Benjamin Tecmire

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

David Dimitrious
Tom Eady
Ben Bernstein
Justin Pica
Elizabeth Baird

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

Paul Cellupica
Christian Broadbent

The Subcommittee invited Chris Hickey from UBS, Nick Goetze from Raymond James, Peter Sirbu from Ameriprise and Chris Kendall from Charles Schwab to discuss issues related to secondary market trading liquidity for retail customers. Subcommittee members discussed potential solutions to increase secondary market trading liquidity for retail customers.

The call concluded at approximately 4:45 p.m.