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Resource ID: #14742
Subject: Campaign Finance
Source: Wall Street Journal (New York)
Affiliation: 
Date: 13-May-98

Description

Four years ago, the SEC put in place a rule barring from muni-bond underwriting any firm that gives to state or local officials in position to influence underwriter selection. It also sharply limits giving by firms' employees. Rule G-37, as it is called, was promulgated by an industry self-regulatory group called the Municipal Securities Rulemaking Board. But it seems the game didn't end, it just got more complicated.

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