MSRB Seeking Comments On New Pay To Play Rule for Municipal Advisors

The Municipal Securities Rulemaking Board (“MSRB”) is seeking comments on pay to play and related rules for municipal advisors.  The new rules seek to implement the Dodd-Frank Act by establishing a comprehensive regulatory regime.  Comments must be submitted to the MSRB no later than February 25, 2011.

This rulemaking has the potential to impact a significant segment of the financial industry by limiting political participation by regulated individuals and companies.

The MSRB notice can be found here.

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