WASHINGTON — An industry group has asked regulators to disclose the factors they will use to determine which muni broker-dealers pose more risks and should undergo compliance examinations more often under a new proposed exam program.

In a comment letter filed with the Securities and Exchange Commission last week, the Securities Industry and Financial Markets Association said the Municipal Securities Rulemaking Board and the Financial Industry Regulatory Authority should “specifically enumerate” the factors they will invoke in shifting to a program that would examine the riskiest broker-dealers more frequently — as often as once a year.

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