This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lumesis, Inc.'s Whitepaper Focuses On The Municipal Securities Rulemaking Board's ("MSRB") Proposed Rule G-47 ("G-47") And Its Significance On Time Of Trade Disclosure Obligation To The Retail Investor For Municipal Bonds.

Lumesis, the firm behind the DIVER suite of municipal market focused software solutions, has released a whitepaper on proposed regulation around time of trade disclosure to the retail client. The report focuses on the Municipal Securities Rulemaking Board’s (“MSRB”) Proposed Rule G-47 (“G-47”) and its significance on Time of Trade Disclosure Obligation to the retail investor for municipal bonds.  G-47 was submitted to the Securities and Exchange Commission (“SEC”) for approval on September 18, 2013. SEC action is expected sometime between early November and year-end 2013.

This whitepaper, written by Lumesis’ CEO and co-founder, Gregg Bienstock, chronicles the basis for G-47 and provides insight into how market participants can meet these regulatory requirements and stay ahead of the curve in these volatile times. The report also examines a proposed amendment to the suitability rule (MSRB Rule G-19), which directly incorporates the language of the Time of Trade Disclosure rule.

“Market participants continue to express uncertainty around the ‘what’, ‘when’ and ‘how’ pertaining to disclosure. G-47 paves the path for a clearer understanding of the time of trade disclosure requirements,” said Bienstock. “At a time when protection of the retail investor continues to be a priority, the Proposed Rule, which we expect to be approved by the SEC, should be a catalyst for market participants to revisit their existing policies and procedures to ensure they are not exposed to unnecessary risk.”

DIVER Advisor, Lumesis’ patent pending technology, was designed and developed by Lumesis to meet Time of Trade Disclosure obligations and provide value-added portfolio monitoring and information delivery resources. Lumesis has been bringing technological advancement to the municipal market since 2010. “Our Advisor platform allows our clients to leverage our database and address regulatory needs in an efficient and cost-effective way. We developed our software in a highly scalable and customizable way all the while asking market participants, members of the legal community and FINRA, for guidance to ensure we deliver the ideal solution.”

To obtain a copy of the Whitepaper, click here.

About Lumesis

Lumesis is a Software-as-a-Service (SaaS), cloud-based financial technology company dedicated to delivering simple to use powerful technology for the Municipal Marketplace. Lumesis has three products in its DIVER solution offering—DIVER Advisor, DIVER Analytics, and DIVER Data Services—which offer software solutions and comprehensive data on more than 54,000 issuers within the municipal market. DIVER Advisor is a comprehensive compliance and information delivery platform serving Financial Advisor networks, helping them address the Time of Trade Disclosure obligations. It is designed to improve customer satisfaction, while protecting the firm through a robust compliance infrastructure. DIVER Analytics is a suite of powerful analytical and visualization tools serving Credit Analysts, Portfolio Managers and Risk Managers. Analytics provides access to hundreds of datasets. DIVER  Data Services matches user data and information needs with comprehensive data, analytical and delivery expertise. To learn more about Lumesis, please visit or contact us at

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs