MSRB Concerned About Derivatives Consultants

Home, Lynn
May 2006
Bond Buyer;5/22/2006, Vol. 356 Issue 32386, p1
Trade Publication
The article reports on the concerns of U.S. Municipal Securities Rulemaking Board officials about the derivatives consultants hired by broker-dealers. They are concerned that these consultants would help the broker-dealers obtain municipal securities and indirectly violate board Rules G-37 on political contributions and G-38 on consultants. There were also concerns about the investigations and enforcement actions of the Internal Revenue Service on municipal derivatives deals.


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