WASHINGTON — The Municipal Securities Rulemaking Board issued a draft rule Monday that would spell out how muni advisers will be expected to comply with new fiduciary-duty obligations imposed on them by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The MSRB also issued two draft interpretive notices for Rule G-17 explaining how fair-dealing requirements would be extended to municipal advisers and how the rule applies to underwriters.

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