Taylor: MSRB Can't Require State Disclosures for 529 Savings Plans

Hume, Lynn
November 2004
Bond Buyer;11/12/2004, Vol. 350 Issue 32009, p1
Trade Publication
Reports on Municipal Securities Rulemaking Board (MRSB) executive director Christopher Taylor's response to National Association of Securities Dealers chairman Robert Glauber's call for the application of disclosure rules used in mutual funds to tax-advantaged college savings plans. Federal rules barring the MSRB and the U.S. Securities & Exchange Commission (SEC) from writing mutual fund-like disclosure rules for college savings programs; SEC decision concerning college savings plans that involve municipal securities.


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