Washington
MSRB Revises Broker's Broker Proposal After Criticism
Thursday, September 8, 2011
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Responding to criticism from market participants, the Municipal Securities Rulemaking Board retooled a controversial portion of a proposed rule on broker's brokers, and floated the revised version Thursday for another round of comments.

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Opinion

Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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