NASD and MSRB agree to cooperate on 529 regulation

NASD and the Municipal Securities Rulemaking Board (MSRB) have formally agreed to "harmonize" their rulemaking in the 529 area. Most municipal securities dealers subject to MSRB regulation, including dealers of 529 interests, are also licensed broker-dealers regulated by NASD. In promulgating its rules, the MSRB will attempt to parallel the existing NASD rules surrounding the sale of mutual funds.
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