Lawyers and SEC Not Far Apart on VRDN Disclosure

Hume, Lynn
February 2003
Bond Buyer;2/24/2003, Vol. 343 Issue 31578, p5
Trade Publication
Reports on the consensus between lawyers and the U.S. Securities and Exchange Commission officials and members over variable-rate demand notes (VRDNs). Concerns over primary market disclosures; Reasons for buying VRDNs by institutional investors; Controversy regarding the extent of disclosures required.


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