WASHINGTON — The Municipal Securities Rulemaking Board should craft a single rule to set suitability requirements for investors ranging from sophisticated municipal market professionals to 529 college savings plans, according to comments received by the board Monday.

The comments are in response to the MSRB’s request for input on its proposal to modify Rule G-19 on suitability so that it mirrors the Financial Industry Regulatory Authority’s suitability Rule 2111, which took effect in July 2012. The proposed changes are part of the board’s effort to make its rules more efficient and effective by paring down the more than 30 pages of interpretive guidance that now accompanies its fair dealing rule.

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