Walter says SEC is making progress on muni adviser definition

10/2/2012 | Reuters · Bond Buyer (free content), The

Elisse Walter, a member of the Securities and Exchange Commission, told participants the SIFMA Municipal Bond Conference that the agency will not likely need another year to update its definition of municipal adviser. On Sept. 21, the SEC pushed its deadline back by a year to Sept. 30, 2013. There is "no intention on the part of the staff to take anywhere near that long," Walter said.

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Reuters · Bond Buyer (free content), The