J.P. Morgan Backs Ban on Consultants

Hume, Lynn
April 2004
Bond Buyer;4/30/2004, Vol. 348 Issue 31874, p1
Trade Publication
Reports on the support given by the J.P. Morgan Securities Inc. to the Municipal Securities Rulemaking Board's (MSRB) proposal to ban their use of consultants by broker-dealers in Washington, D.C. Proposal of MSRB to eliminate the current Rule G-38 which requires firms to disclose information about their consultants; Increase in the use of and payments to consultants of whom make political contributions to issuer officials; Concerns on some consultant practice challenge the integrity of the municipal securities market.


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