SIFMA sent the Treasury Department a 10-page letter last week that clarified misconceptions about the marketing of municipal bonds and asked regulators to make sure their guidance doesn't conflict with Municipal Securities Rulemaking Board rules that govern primary offering practices, fair dealing and bond pricing."If you want to change or limit those practices so as to address concerns about 'issue price,' we ask that you be clear as to what you are seeking to limit and coordinate those changes with the MSRB rules," SIFMA said in the letter.

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