On September 21st, the SEC approved the Municipal Securities Rulemaking Board's proposed addition of new subsection (iv) to Rule G-34(a) to prohibit any broker, dealer, or municipal securities dealer from using the term "not reoffered" or other comparable term or designation (e.g., "NRO") without also including the applicable price or yield information about the securities in any of its written communications, electronic or otherwise, sent by it or on its behalf from and after the time of initial award of a new issue of municipal securities. The prohibition would not apply to communications occurring prior to the time of initial award of a new issue of municipal securities. SEC Release No. 34-67908.