SEC Mulls Changes to Trust Rules

DeSue, Lynn
April 2004
Bond Buyer;4/20/2004, Vol. 348 Issue 31866, p1
Trade Publication
Reports that the U.S. Securities and Exchange Commission (SEC) staff is considering allowing banks to keep their trust and fiduciary activities in-house instead of moving them to broker-dealer affiliates. Impact of the move on trustee banks in the municipal market; Definition of qualified issuers according to the SEC; Request of bank trustee officials for the SEC to exempt trust and fiduciary activities.


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