WASHINGTON — Financial advisers in the municipal market would have to register with the Securities and Exchange Commission under an amendment added to the Investor Protection Act of 2009 yesterday by House Financial Services Committee members.

Meanwhile, the Municipal Securities Rulemaking Board would have until October 2010 to ensure a majority of its 15 members are independent and the Securities and Exchange Commission would be required to establish qualifications for those members, under another amendment added to the bill.

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