TBMA Task Force Holds First Meeting on Pricing

Hume, Lynn
April 2003
Bond Buyer;4/4/2003, Vol. 344 Issue 31608, p5
Trade Publication
The Bond Market Association's (TBMA) Municipal Price Transparency Task Force met on April 3, 2003 for the first time to establish a game plan to study whether disclosing pricing information on infrequently traded bonds will create liquidity problems or misleading information in the muni market. The TBMA task force, which is headed by Richard E. Kolman, a managing director of Goldman, Sachs& Co. and vice chairman of the association's municipal securities division, is comprised of 22 people, about one third of which are from the buy side. Besides Kolman, other broker-dealer officials, the members of the TBMA task force include Chris Ryon with the Vanguard Group; Dennis Pietrzak with Van Kampen Investments; Mark Muller with Loews Corp.; Mark McCray with PIMCO; Paul Disdier with the Dreyfus Corp.; Geoff Cornell with AIG Global Investment Group; Phillip G. Condon with Deutsche Asset Management; and Rodney Kumasaki with Ambac Assurance Corp.


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