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Washington - Securities Law
MA Definition Likely to Except Appointed Government Board Members: Updated
by: Jonathan Hemmerdinger
Thursday, February 14, 2013
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Appointed members of state and local governmental boards will likely be exempted from the Securities and Exchange Commission's final definition of municipal advisor, which is expected to be released early this year, the SEC chairman said Thursday.

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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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