MSRB not backing down, but delays effective date of G-38 interpretation

Hume, Lynn Stevens
January 1998
Bond Buyer;01/14/98, Vol. 323 Issue 30310, p4
Trade Publication
Reports on the Municipal Securities Rulemaking Board's (MSRB) plans not to back down from its controversial interpretation of Rule G-38 stating that banks or bank officials must be treated as consultants if they solicit business for dealer-affiliates in return for credits or some other form of compensation. Withdrawal of notice interpreting the rule; Revision of G-38.


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