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SEC, MSRB Fight GOP's Challenge To New Pay-To-Play Rule

By Dorothy Atkins (December 20, 2016, 8:02 PM EST) -- The U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board told the Sixth Circuit on Monday that it doesn't have jurisdictional standing to consider the Republican Party's challenge to new rules that increase pay-to-play restrictions on municipal advisers, saying the rules were created "by congressional will" and not by a final SEC order that can be appealed....

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