Muni-adviser issue faces delay, SEC's Gallagher says

07/25/2013 | Reuters

A decision from the Securities and Exchange Commission on the "municipal adviser" definition will happen "in the near term," said Commissioner Daniel Gallagher. "But one of the things we have to deal with here, too, is we are going to have two new commissioners come on," he added. "I think they are pretty savvy folks ... but they will still need some time to get up to speed."

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