WASHINGTON -- An influential House lawmaker has joined state and local governments in opposing draft sales practice rules for government securities issued by the National Association of Securities Dealers.

Rep. Edward Markey, D-Mass., chairman of the House Energy and Commerce telecommunications and finance subcommittee, warned in a letter dated Oct. 7 to Joseph Hardiman, chief executive officer of the association, that the rules "may be inconsistent" with the sales practice provisions of the Government Securities Act Amendments of 1993.

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