TBMA Issues Draft Best Practices for Auction-Rate Securities

Hume, Lynn
June 2006
Bond Buyer;6/1/2006, Vol. 356 Issue 32393, p55
Trade Publication
The article reports that The Bond Market Association (TBMA) has issued draft best practices for broker-dealers of auction-rate securities in connection to the announcement of the Securities and Exchange Commission that it had reached 13 million dollars of settlement with 15 broker-dealer companies over violation of securities law in the U.S. According to Marjorie Gross, TBMA senior vice president, the association thinks that the best practices will assist dealers in fulfilling their duties.


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