MSRB proposes new rules on 529 advertisements
The Municipal Securities Rulemaking Board has issued Notice 2004-16 (June 10, 2004) requesting comments on draft amendments to Rule G-21 concerning dealer advertisements of municipal fund securities. The amendments would require that advertisements containing 529 investment performance data adhere to mutual fund disclosure requirements under SEC Rule 482, with modifications.
The MSRB notice also modifies draft interpretative guidance issued in 2002 regarding the disclosure of in-state benefits under Rule G-17.The new disclosure requirements would broaden the description of potential in-state benefits to include items beyond state income tax deductions for contributions.
Return to 529 News centerThe MSRB notice also modifies draft interpretative guidance issued in 2002 regarding the disclosure of in-state benefits under Rule G-17.The new disclosure requirements would broaden the description of potential in-state benefits to include items beyond state income tax deductions for contributions.