J.P. Morgan Granted G-37 Waiver By NASD

Hume, Lynn
February 2006
Bond Buyer;2/28/2006, Vol. 355 Issue 32328, p1
Trade Publication
The article discusses the exemption of J.P. Morgan Securities Inc., granted by NASD, from Rule G-37's two-year ban on business, allowing it to escape a huge blow to its business this year and the coming years. The dealer was released from underwriting negotiated municipal securities transactions with New York and its agencies. Patrick McCoy, finance director of New York's Metropolitan Transportation Authority, disclosed the exemption after the authority selected J.P. Morgan as one of five senior managing underwriters for its future municipal bond deals.


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