NASD Nixes Firm's Plea to Waive G-37

Hume, Lynn
June 2006
Bond Buyer;6/16/2006, Vol. 356 Issue 32404, p1
Trade Publication
The article reports on the refusal of the National Association of Securities Dealers to exempt a broker-dealer from a two-year ban on municipal business with a state under Rule G-37 in the U.S. The dealer inadvertently violated the rule by underwriting two muni deals before the regulator uncovered the situation. When the firm's head of public finance erred in allowing an executive to make three small contributions to a state official, the ban had been triggered.


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