WASHINGTON -- Rep. Steve Stivers, R-Ohio, is urging the Securities and Exchange Commission to clarify that its municipal advisor registration rule will permit dealers to provide tailored advice to issuers about municipal bonds and then underwrite those bond issues later.

Stivers, a member of the House Financial Services Committee, who had sponsored a bill to curb the scope of the SEC rule on investment banks that was approved by the House but not taken up by the Senate, made the plea in a two-page letter he sent to SEC Chairman Mary Jo White on Monday.

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