WASHINGTON - Allstate Investments LLC is urging the Municipal Securities Rulemaking Board to require broker-dealers to disclose how they calculate the interest rates for auction-rate securities when the auctions fail, saying this is the critical ARS information currently needed by investors.

The Northbrook, Ill.-based company made the request in a two-page comment letter on proposed rule changes that would require broker dealers to disclose more information through the Electronic Municipal Market Access system on ARS and variable-rate demand obligations.

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