TITLE

CoreStates settlement has potential bright side for entire market

AUTHOR(S)
Ferris, Craig T.
PUB. DATE
March 1998
SOURCE
Bond Buyer;03/09/98, Vol. 323 Issue 30346, p33
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
Opinion. Comments on the impending yield-burning settlement between CoreStates Capital Market Inc., the US Securities and Exchange (SEC) Commission and the US Internal Revenue Service (IRS). Impact of settlement on the municipal bond market; Black-box escrow bond scams in the 1980s; Refusal by IRS to rescind revenue procedure; Crusade by SEC chairman Arthur Levitt to clean up the municipal bond market.
ACCESSION #
347270

 

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