In late 2009 I noted that the financial regulatory reform bill that the House considered includes a measure on political contributions by municipal financial advisers (page 1443(!) of HR 4173). Did it make the Senate version‘s of financial regulatory reform (S. 3217)? The Securities and Exchange Commission is considering a rulemaking the Commission initiated in […]
Category: Rule G-37
New MSRB notice on Rule G-37 form
The Municipal Securities Rulemaking Board issued a new notice on Rule G-37 recently regarding changes in the reporting form to accommodate new requirements. Effective February 1, 2010, the Municipal Securities Rulemaking Board (“MSRB”) amended its Rule G-37 to require the disclosure of certain contributions to bond ballot campaigns made by dealers on amended Form G-37. […]
Comments on SEC’s pay to play rules are in
The Hill reports on comments received in the SEC’s rulemaking to address pay to play issues. The Investment Company Institute (ICI) said the policy “significantly overreaches” and should be more narrowly tailored. The Managed Funds Association (MFA), which represents hedge funds, argued that the $250 level for political contributions is too low and should be […]