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GOP Says SEC Inaction Doesn't Block Pay-To-Play Review

By Carmen Germaine (January 27, 2017, 2:21 PM EST) -- Three state Republican parties told the Sixth Circuit on Thursday that the Municipal Securities Rulemaking Board's rules increasing pay-to-play restrictions on muni advisers aren't shielded from review just because the U.S. Securities and Exchange Commission failed to affirmatively act on them....

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