N.J. Consultant Fee Ban Signed

Cataldo, Adam L.
December 2004
Bond Buyer;12/7/2004, Vol. 350 Issue 32024, p1
Trade Publication
The article reports that in his attempt to eliminate the influence of money in state politics and government, New Jersey's acting Governor Richard J. Codey has signed an executive order barring all state agencies, authorities, and departments from awarding bond deals to underwriters that pay contingency fees to consultants. Codey said before he was sworn in that he would ban the payment of contingency fees, which securities dealers pay to consultants to help them secure underwriting business.


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