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RBDA Sends Comment Letter to the SEC Regarding SEC Proposal

On September 8, 2009 the RBDA sent a comment letter to the Securities and Exchange Commission regarding the SEC's proposal to amend SEC Rule 15c2-12 to enhance continuing disclosure in the municipal bond market. The RBDA generally supported the SEC's proposal, but suggested changes related to variable rate demand obligations and urged the SEC to consider alternatives to current practices regarding underwriter compliance. The RBDA’s letter is available here.
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