WASHINGTON — The Securities Industry and Financial Markets Association is not opposed to legislation that would require the Municipal Securities Rulemaking Board to have a majority of public members, but wants Congress to make sure they have financial expertise and that the MSRB has more time for the transition, the new head of its Washington office said last week.

“We appreciate where the Congress wants to go with that,” said Ken Bentsen, a former Democratic congressman from Texas and muni bond dealer, said in a wide-ranging interview last week.

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