SEC, IRS seek yield-burning cure exempting the innocent

Hume, Lynn Stevens
January 1998
Bond Buyer;01/27/98, Vol. 323 Issue 30318, p1
Trade Publication
Focuses on the partnership between the US Securities and Exchange Commission (SEC) and the US Internal Revenue Service to try to come up with a way to settle as many yield-burning cases as possible so that innocent bondholders and issuers are not harmed. Comment by William R. Baker, associate director in the enforcement division of the SEC; Traditional methods used by the SEC to protect bondholders and issuers.


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