CHICAGO — The Financial Industry Regulatory Authority will soon begin examining underwriters of municipal bonds to see if they can show they have carried out disclosure due-diligence obligations like those in a risk alert the Securities and Exchange Commission issued in March, a senior FINRA official said Wednesday.

Speaking at an industry event here, FINRA associate director of member regulation Cynthia Friedlander said the SEC’s risk alert includes “good information for underwriters about what the SEC will expect when they [review their] due-diligence practices, and by extension FINRA will be looking at the same things.”

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