SEC Eyes Rating Trip Payments

Hume, Lynn
February 2006
Bond Buyer;2/8/2006, Vol. 355 Issue 32315, p1
Trade Publication
The article reports on the initiative of the U.S. Securities and Exchange Commission in examining the municipal securities dealers. The move is intended to identify if the dealers violated the Municipal Securities Rulemaking Board's rules. Through overpaying excessive expenses for municipal officials to meet with the rating agencies, a dealer violates the rule. The agency also examines the brokers for unfair trading and excessive markups.


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