Saturday, September 13, 2008

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ALEXANDRIA, Va., Sept. 11 /PRNewswire-USNewswire/ -- The Municipal Securities Rulemaking Board (MSRB) reminded municipal securities dealers today about its rule on political contributions and its application to issuer officials running for federal office, including President and Vice President. The MSRB rule regarding campaign contributions, Rule G-37, prohibits dealers from engaging in municipal securities business with issuers for two years if they make certain contributions to the political campaigns of officials of such issuers. The MSRB created Rule G-37 in 1994 to preserve the integrity of the municipal securities industry by seeking to end the practice of dealers being awarded municipal securities business based on political contributions.




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