A bipartisan group of 32 members of the House sent a letter to SEC Chairman Mary Schapiro regarding their concerns over a proposed SEC rule relating to the definition of municipal advisor in Dodd-Frank. The letters asks Chairman Schapiro to “scale back the scope and application of the proposed rules to define the term “Municipal Advisor” as Congress intended.” The letter was spearheaded by Congressman Robert Dold of Illinois, whom BDA staff met with recently on this very issue.
View the letter here.
View The Bond Buyer Article here.
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