WASHINGTON — The National Association of Bond Lawyers may consider creating guidance on how attorneys can reasonably rely on tax certificates, following the false certifications market professionals provided for deals involving investment contracts that came to light in criminal bid-rigging cases.

Howard Zucker of Hawkins Delafield & Wood LLP advanced the idea for the project at a NABL teleconference during which members and regulators discussed the ethical lessons bond lawyers can draw from the bid-rigging investigations dating to before 2006 and resulted in subsequent prosecutions of brokers and providers at several firms.

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