Updated Thursday, October 30, 2014 as of 7:04 PM ET

SIFMA Proposes Muni Trade Standard; Wants MSRB to Seek Public Input

WASHINGTON — The Securities Industry and Financial Markets Association is proposing a new “execution-with-diligence” standard for municipal trading that would require a dealer to use “reasonable diligence” to determine the market for a bond so the price it provides to a customer is “fair and reasonable under prevailing market conditions.”

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