NASD Probes Shouldn't Affect Business Much, Experts Say

Walker, Susanne
February 2005
Bond Buyer;2/8/2005, Vol. 351 Issue 32066, p6
Trade Publication
Reports on the investigation of the National Association of Securities Dealers' of brokers' brokers in the municipal bond market in the U.S. Pricing practices of brokerage firms; Elimination of huge price markups between the first and the last bond trade with real-time transparency; Increase in the volume for dealers and brokers' brokers and arbitrage accounts to compensate for a less profitable bid side.


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