TITLE

MSRB Notice Due Out On Fair Pricing

AUTHOR(S)
Hume, Lynn
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/14/2003, Vol. 344 Issue 31635, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Concerned about pricing disparities in the U.S. municipal securities market, the Municipal Securities Rulemaking Board is preparing to issue a notice that interprets its fair-pricing rules and solicits comments on new guidance for complying with those in transactions when there is a lack of prevailing market price. The rules are G-30 on prices and commissions, G-18 on the execution of transactions, and G-17 on fair dealing. G-30 and G-18 generally state that municipal brokers and dealers should set prices reasonably. The board also remains upset that some dealers and their employees may be trying to circumvent Rule G-37 by providing political contributions to issuer officials through state and local political parties.
ACCESSION #
9859994

 

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