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Commentary: MSRB Must Clarify Rules for Muni Advisors vs. Broker-Dealers

MAY 10, 2013 11:20am ET

The MSRB needs to clarify that regulated persons serving as financial advisors, regardless of the title they use, cannot disclaim fiduciary duty.

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Comments (1)
Excellent commentary, well-written, cogent, coherent and on point. It's sad that we have to keep reiterating the same argument, as common-sense as it is, so many times and over so many years. One would hope that issuers themselves (as represented by the GFOA and similar organizations) would see the light and climb on the wagon with us. Until the regulations are amended in such a way to provide adequate protection to issuers, taxpayers and ratepayers we will have to persist and continue to send our message out whenever and wherever we can. Wonderful job, Jeanine...keep up the good work.
Posted by bobsikora | Monday, May 13 2013 at 9:42AM ET
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