DETROIT — The Municipal Securities Rulemaking Board’s executive director on Friday tried to allay some of the concerns nondealer financial advisers have about the regulatory burdens they may face under MSRB oversight.

Speaking at the annual conference of the National Association of Independent Public Finance Advisors, Lynnette Hotchkiss outlined the rules, recordkeeping requirements, and professional standards that the MSRB will likely mandate nondealer advisers adhere to as the board begins to regulate their industry.

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