Muni Bond Dealers Must Disclose More On Ballot Measures

Law360, New York (April 1, 2013, 5:05 PM EDT) -- The U.S. Securities and Exchange Commission has approved new rules that require municipal bond dealers to disclose more information about their political contributions to public project ballot measures, the Municipal Securities Rulemaking Board said Monday.

The new regulations require traders to give more information about any contributions they make to bond ballot measures seeking voter approval for public projects, and their aim is to address the concerns that dealers' contributions could influence which dealers win municipal securities underwriting business, the MSRB said.

“Even the appearance of...
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