SIFMA opposes changes to MSRB's political-contribution rule

11/4/2009 | Bond Buyer (subscription required), The

In its comment letter, SIFMA argued against a proposal from the Municipal Securities Rulemaking Board regarding political contributions. "This rule proposal would mandate the sharing of information over information walls, and would likely result in the opposite of its intent by increasing the possibility of violations of" G-37's prohibition against dealers doing indirectly what they cannot do directly, SIFMA said in a letter written by Leslie Norwood, managing director and associate general counsel.

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