SEC Orders Muni Advisers To Register By Oct. 1

Law360, New York (September 2, 2010, 6:40 PM EDT) -- The U.S. Securities and Exchange Commission on Thursday announced the adoption of a rule requiring municipal financial advisers to register with the agency by Oct. 1, a tight deadline established by the recently enacted financial reform legislation.

The SEC said in a statement that it was instituting a temporary rule to require advisers to state and local governments that issue municipal securities to register with the agency in order to adhere to the demands of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was...
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