WASHINGTON -- The Municipal Securities Rulemaking Board's amendments to its political contributions rule have been given lightning-fast approval by the Securities and Exchange Commission, the MSRB said yesterday.

The amendments, which include one measure that protects firms that make good faith efforts to comply with the rule from being penalized for isolated violations by employees, were approved by the SEC on Monday, just 13 days after they were formally filed by the MSRB.

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