Three More Firms Settle With IRS Over Yield Burning

Duff, Susanna
February 2003
Bond Buyer;2/18/2003, Vol. 343 Issue 31574, p5
Trade Publication
Reports that the U.S. Internal Revenue Service has reached three more settlements with regional broker-dealer firms in its continuing investigation of yield burning as of February 18, 2003. Launch of the investigation in April 2001; Settlement for the negative arbitrage; Reaction of issuers on the settlement.


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