TITLE

NASD, Sisung Each Appeal Ruling on Political Contributions

AUTHOR(S)
Hume, Lynn
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the National Association of Securities Dealers (NASD) of the United States and New Orleans-based Sisung Securities Corp., have appealed an NASD hearing panel ruling. The ruling has overturned the NASD enforcement staff's pay-lo-play charges against the firm and its owner, but upheld the staff's charges that they failed to keep records of certain political contributions. The case was expected to be closely watched by market participants because it may have implications for dealers' compliance with the Municipal Securities Rulemaking Board's Rule G-37.
ACCESSION #
15458117

 

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