More Weigh In on Changing MSRB Rule G-23

Hume, Lynn
January 2006
Bond Buyer;1/25/2006, Vol. 355 Issue 32305, p1
Trade Publication
This article reports that the Municipal Securities Rulemaking Board is being pressurized to make changes in the Rule G-23. John White, the head of Public Financial Management Inc., is calling for independent reviews of deals involving dealer financial advisers (FAs)-turned-underwriters, while attorneys from three major law firms in Texas are arguing against any change in the rule. The Rule G-23 allows dealer FAs to become underwriters in negotiated transactions if they obtain the issuer's consent to the role switch. The board has received more than 100 letters on the rule.


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