The Municipal Securities Rulemaking Board has proposed rule changes that would require dealers to analyze more information when determining if a recommended transaction or recommended investment strategy is suitable for a customer.

The proposal, which was released Monday and has support from the dealer community, would change the MSRB's Rule G-19 on suitability so that it mirrors the Financial Industry Regulatory Authority's new suitability Rule 2111, which took effect in July 2012.

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