WASHINGTON -- The Municipal Securities Rulemaking Board has hired one of the nation's premier securities attorneys to help convince the Securities and Exchange Commission it should approve the MSRB's proposed electronic disclosure library, which comes up for a vote at the SEC tomorrow, according to sources familiar with the hiring.

Harvey Pitt, who was SEC general counsel from 1975 to 1978, was hired by the MSRB as an outside counsel to answer commissioners' questions on such legal issues as whether the board has the authority to create the proposed Municipal Securities Information Library, Christopher Taylor, executive director of MSRB, said yesterday. Mr. Taylor was contacted after sources revealed Mr. Pitt's hiring by the MSRB.

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