Schwab Questions SMMPs

Hume, Lynn
October 2001
Bond Buyer;10/23/2001, Vol. 338 Issue 31249, p1
Trade Publication
Reports that U.S.-based retail broker Charles Schwab & Co. Inc. has questioned the legal and policy basis for the Municipal Securities Rulemaking Board's (MSRB) sophisticated municipal market professional (SMMP) concept. Reasons behind the concerns of Charles Schwab; Conditions set by the Investment Company Institute to support the SMMP concept; Factors that led MSRB to modify its initial concept of SMMP.


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