WASHINGTON -- If you are going to do something, make sure it will work.

That, in effect, was the wise message that Christopher A. Taylor, the executive director of the Municipal Securities Rulemaking Board, sent to the Securities and Exchange Commission last week.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.