SEC staff considers concerns as it finalizes MA definition

02/8/2013 | Bond Buyer (free content), The

John Cross, head of the Office of Municipal Securities at the Securities and Exchange Commission, said the agency's staff is close to finalizing the definition of municipal advisor. State and local governments have raised concerns about the MA definition, which the SEC is taking into consideration, Cross said. "Our big project ... this spring, is the municipal advisor regulation project," Cross said. "That is our main, immediate and consuming task."

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