The Supreme Court's 2010 ruling in a political contributions case should alleviate concerns by the Municipal Securities Rulemaking Board that additional regulation of bond ballot campaign contributions could violate First Amendment's free speech protections, according to an independent muni advisors group.

The National Association of Independent Public Finance Advisors is several organizations and individuals that filed letters with the Securities and Exchange Commission in recent days responding to MSRB proposed rule changes that would require dealers to disclose more information about contributions to issuers' bond ballot campaigns.

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