David Taylor, a key participant in the creation of the Municipal Securities Rulemaking Board and a founder of the former Public Securities Association, died Feb. 23 from Parkinson's disease at his home in Rancho Mirage, Calif. He was 79.

"He was a giant, definitely a giant," said Christopher Taylor, no relation, a former MSRB executive director and current consultant. "He was one of the driving forces for the creation of a regulatory scheme for municipal bonds."

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