WASHINGTON - House Financial Services Committee chairman Barney Frank is exploring the idea of including a provision in the expansive muni bill his staff is drafting that would require the federal regulation of financial or investment advisers in the municipal market that are not currently regulated, a senior committee staff member said yesterday.

Speaking at a National League of Cities' conference, James Segel, special counsel to the Massachusetts Democrat, said the staff is considering incorporating a measure in the bill that would place financial advisers under "some sort of regulatory framework."

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