Citigroup, Goldman Urge MSRB to Ban Consultant Finder's Fees

Hume, Lynn
June 2004
Bond Buyer;6/14/2004, Vol. 348 Issue 31904, p4
Trade Publication
Reports on the urge of Citigroup Global Markets Inc. and Goldman Sachs & Co. to the Municipal Securities Rulemaking Board (MSRB) to prohibit dealers from paying finder's fees to consultants for municipal securities business in the U.S. Need to restrict municipal securities consultants' political contributions to issuer officials; Prevalence of states who have lobbying laws that prohibit the payment of a fee that is contingent upon the success of a person's effort to influence the government; Opposition of Citigroup to MSRB's proposed ban on consultants.


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