WASHINGTON - The National Federation of Municipal Analysts on Friday reaffirmed its support for voluntary efforts to improve secondary market disclosure and said it remains opposed to mandatory federal standards.

The group announced its position in a letter to the Securities and Exchange Commission, the Municipal Securities Rulemaking Board, and the National Association of Securities Dealers. It was signed by Katherine Bateman, federation chairperson, and Jeffrey Baker, head of the federation's industry practices and procedures committee.

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