Muni Board Seeks To Expand Membership To 21

Law360, New York (August 27, 2010, 4:38 PM EDT) -- The Municipal Securities Rulemaking Board has asked the U.S. Securities and Exchange Commission to allow it to expand the number of its board members from 15 to 21 to comply with the recently enacted financial regulatory reform law.

The self-regulating body of the municipal bond market said Friday that it needed to change its composition to 11 public members and 10 industry members to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was signed into law in July.

The law calls for...
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