Dealers want MSRB suitability requirement to mirror FINRA

Comments received by the Municipal Securities Rulemaking Board indicate that dealers want the organization to harmonize its suitability rules with the Financial Industry Regulatory Authority. "We believe the MSRB should eliminate or justify any other differences -- as separate rules covering the same conduct will unnecessarily lead to regulatory confusion and increased compliance costs," SIFMA managing director David Cohen wrote.

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Bond Buyer (special access for readers of SIFMA SmartBrief), The

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