TITLE

More Weigh In on Changing MSRB Rule G-23

AUTHOR(S)
Hume, Lynn
PUB. DATE
January 2006
SOURCE
Bond Buyer;1/25/2006, Vol. 355 Issue 32305, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
19724562

 

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