August 22, 2014 •
MSRB Pay-to-Play Amendments Open for Public Comment
The Municipal Securities Rulemaking Board (MSRB) is requesting comments on amendments to its pay-to-play law. MSRB Rule G-37 prohibits certain political contributions for two years prior to engaging in a municipal securities business where a related official received contributions. The amendments seek to extend the pay-to-play rule to municipal advisors.
In its press release, MSRB Executive Director Lynnette Kelly said, “Applying our well-established dealer pay-to-play rule to municipal advisors will help ensure that all regulated municipal market entities and professionals are held to the same high standards of integrity.”
Comments are due no later than October 1, 2014.
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