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Washington - Securities Law
Dold Bill Passes, But More Changes Likely
by: Jonathan Hemmerdinger
Wednesday, August 1, 2012
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A House Financial Services Committee panel approved a bill Wednesday that would exempt municipal advisors from having a federal fiduciary duty to place muni issuers' interests first, but lawmakers said the bill's final version will leave the fiduciary requirement in place.

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Commentary - When It May Be Virtually Free to Be Tax Free
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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