WASHINGTON -- The National Association of Securities Dealers may need additional inspectors to enforce the Municipal Securities Rulemaking Board's new pay-to-play rule, the association's enforcement chief said yesterday.

"I think in certain parts of the country where there is a significant amount of municipal business, we may have to do something on the staff to be able to encompass the [workload] for Rule G-37," John Pinto, executive vice president of regulation, said at a press briefing at NASD headquarters.

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