NEW YORK — The Municipal Securities Rulemaking Board will consider a “best-execution” rule during its current fiscal year, which began Monday, MSRB executive director Lynnette Kelly said at an industry meeting here today.

But Kelly, who spoke during a panel discussion at the Securities Industry and Financial Markets Association’s 2012 Municipal Bond Summit, said if such a rule were based on the best-execution rule that the Financial Industry Regulatory Authority has for securities, it would not require dealers to quote the best price to a customer. 

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