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SEC approves MSRB gifts rule for municipal advisors

( November 9, 2015, 23:39 GMT | Official Statement) -- MLex Summary: The Municipal Securities Rulemaking Board received approval from the US Securities and Exchange Commission to implement a rule limiting the size and nature of gifts given by municipal advisors in their professional role advising state and local governments. The new regulations are effective May 6, 2016.Statement follows in full. Also see document below....

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