Maintaining Integrity

Hume, Lynn
February 2005
Bond Buyer;2/22/2005, Vol. 351 Issue 32075, p1
Trade Publication
The article reports that MSRB executive director Christopher Taylor has recently said that bond lawyers must do everything the can to help preserve the municipal bond market's integrity in the face of serious challenges that could undermine it. Taylor then ticked off a series of corruption cases and ongoing investigations by the U.S. Securities and Exchange Commission and the U.S. attorneys dealing with political contributions, gifts, conflicts of interest, consultants, and derivatives. Taylor also chided some of the members of the bond law community for trying to get dealers to circumvent the MSRB's Rule G-37, which is designed to prevent dealers from engaging in pay-to-play practices.


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