Washington
As Election Season Heats Up, MSRB Offers G-37 Reminder
Wednesday, September 28, 2011
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WASHINGTON - With the 2012 election cycle intensifying, the Municipal Securities Rulemaking Board warned broker-dealers Wednesday that its rule banning pay-to-play political contributions applies to issuer officials who are running for president.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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