WASHINGTON -- The Public Securities Association yesterday adamantly opposed the SEC's proposed rule that would require dealers to disclose on customer confirmations the markup or markdown on a riskless principal transaction.

The group also objected to a proposed Securities and Exchange Commission rule that dealers disclose on confirmations whether a bond is unrated. Comments on the proposals, which the SEC approved March 9 for comment, were originally due June 15. Recently, however, the comment deadline was extended to July 15.

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