WASHINGTON - The Municipal Securities Rulemaking Board has unveiled a raft of rule proposals and initiatives aimed at tightening its suitability requirements, promoting better price dissemination, and providing guidance on the sale of detachable call options.

One of the prime proposals would eliminate a provision in the board's Rule G-19, its so-called "suitability" rule, that currently permits a dealer to sell a bond to a customer who is reluctant to provide information about his finances, as long as the dealer has "no reasonable grounds to believe" the recommendation is unsuitable.

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