WASHINGTON — As the Municipal Securities Rulemaking Board begins to regulate an anxious and skeptical non-dealer advisory community, its new chairman, Michael Bartolotta of Dallas-based First Southwest Co., the largest dealer-advisory firm in the nation, is stressing that the MSRB’s rules will be fair to all regulated market participants.

In an interview this week, Bartolotta downplayed concerns that he and other dealers would continue to dominate the new, majority-public MSRB, repeatedly stating that the board will work to ensure a fair regulatory playing field among dealers and advisers.

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