TITLE

Issuers Reject Notion That NFMA Best Practices Are Standards

AUTHOR(S)
Hume, Lynn
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/8/2003, Vol. 344 Issue 31631, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Several issuers were angry at a Securities and Exchange Commission official's suggestion that the National Federation of Municipal Analysts' (NFMA) recommended best disclosure practices effectively serve as standards in some sectors of the market and that they could have legal implications. �For anyone to suggest that NFMA-recommended practices are now the standard to which issuers should be providing information to the market is inaccurate,� saidThomas J. Glaser, chief financial officer of Cook County, Illinois and an ex-officio member of the Government Finance Officers Association's debt and fiscal policy committee.
ACCESSION #
9845585

 

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