Concerns emerge over some dealer contracts with muni-bond issuers

04/10/2013 | Bond Buyer (free content), The

Some new dealer contracts with municipal bond issuers might run the risk of violating either federal rules or Municipal Securities Rulemaking Board standards, which forbid acting as both an underwriter and financial adviser in the same transaction. The MSRB needs to clarify what is acceptable from dealers that use contracts defining their services as consulting or independent contracting, some market participants say.

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Bond Buyer (free content), The

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