TITLE

MSRB Concerned About Derivatives Consultants

AUTHOR(S)
Home, Lynn
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/22/2006, Vol. 356 Issue 32386, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
20989566

 

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