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Securities Law

Stivers Introduces MA Bill

FEB 15, 2013 5:35pm ET

Rep. Steve Stivers, R.-Ohio, introduced a bill Friday that would define municipal advisors as those engaged with a municipal issuer to provide financial advice for compensation, with exceptions from the definition and its fiduciary duty for members of governmental boards, underwriters, bankers, swap dealers and those that provide related advice.

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