Updated Wednesday, April 16, 2014 as of 12:01 PM ET

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FINRA Cites Higher-Risk Munis as Priority in 2013

Jonathan Hemmerdinger

The Financial Industry Regulatory Authority's municipal market priority this year will be ensure that brokers adequately disclose risks associated with tax-exempt bonds backed by revenue from private and nonprofit entities, which have significantly higher default rates than general obligation bonds.

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