CHICAGO - One of the SEC's, proposals to improve disclosure in the secondary municipal market could harm individual,investors and "grind the marketplace to a halt," an analyst with a broker-dealer firm said at a meeting in Chicago late last week.

Victoria Rupp Westall, a general partner at Edward D. Jones & Co. in St. Louis, told analysts meeting in Chicago that while she supports improving secondary market disclosure, she opposes a Securities and Exchange Commission proposal to bar broker-dealers from recommending bonds unless they have reviewed the issuer's financial information.

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