WASHINGTON -- The Public Securities Association is developing a program to provide retail investors with bond pricing information in hopes the SEC will drop its controversial proposal to require dealers to disclose markups in riskless principal transactions.

Heather Ruth, PSA's president, outlined the framework of the program for reporters after telling those attending a meeting of the National Association of Securities Dealers in New York City on Wednesday that the PSA is taking a more "proactive" stance on price transparency.

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