TITLE

NASD Fights Louisiana Court's Subpoena in Bond Case

AUTHOR(S)
Hume, Lynn
PUB. DATE
March 2005
SOURCE
Bond Buyer;3/9/2005, Vol. 351 Issue 32086, p40
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the effect of forcing the National Association of Securities Dealers (NASD) to turn over bond-related investigative documents to the Louisiana Local Government Environment Facilities Community Development Authority (LCDA) on the integrity of its self-regulation of broker-dealers in the securities markets. Protection of the association's investigative files by the investigatory privilege; Demand for the documents in connection with a lawsuit filed by LCDA against lawyer Jerry R. Osborne; Claim of LCDA in the suit that Osborne provided tips to NASD that triggered U.S. Securities and Exchange Commission and other investigations of at least four of the authority's pooled bond deals.
ACCESSION #
16360332

 

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