WASHINGTON - A coalition of eight state and local groups this week asked the Securities and Exchange Commission to delay enacting a proposal to curb political contributions until a host of concerns surrounding the standard are resolved.

The rule developed by the Municipal Securities Rulemaking Board raises a "myriad of legal, market, process and political issues" that demand the joint efforts of the SEC and issuer groups to resolve, the coalition said in a two-page letter Monday to SEC chairman Arthur Levitt Jr.

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