WASHINGTON The Securities and Exchange Commission Friday said its delaying taking action on the Municipal Securities Rulemaking Boards proposed rules that would govern the activities of brokers-brokers until at least June 22.
SEC Delays Action on MSRB's Broker's Brokers Rules
MAY 11, 2012 5:24pm ET
A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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