MSRB proposal would offer more auction-rate information

03/18/2008 | Bond Buyer (subscription required), The

The Municipal Securities Rulemaking Board wants to increase the amount of information available to participants in the auction-rate securities market by establishing a central system to disseminate information. The proposal follows last week's release of guidance for auction-rate securities by the Securities and Exchange Commission. "SIFMA commends the SEC for its quick response and recognition of the importance of providing participants in the auction-rate securities market with clarification on its views regarding dealers and issuers' involvement in auctions," said SIFMA president and CEO Tim Ryan.

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