The Securities and Exchange Commission’s municipal bond office has sent a so called “no-action” letter to NetRoadshow Inc., paving the way for it and its underwriter clients to present Internet-based “road shows” on municipal bond offerings to retail investors.

In a Jan. 29 letter obtained by The Bond Buyer, John Cross, director of the SEC’s muni office, said the office’s staff “will not recommend enforcement action to the commission” against NetRoadshow for conducting shows for retail muni investors as long as certain conditions are met.

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