SEC Asked to Approve Additional Public Disclosure Requirements for Bond Ballot Campaign Contributions

On February 4, 2013, the Municipal Securities Rulemaking Board (the “MSRB”) filed with the Securities and Exchange Commission (the “SEC”) a proposed change to MSRB Rule G-37 (the “Proposed Rule Change”) that would expand the public disclosure requirements related to contributions to bond ballot campaigns made by brokers, dealers and municipal securities dealers (“dealers”), their municipal finance professionals (“MFPs”), political action committees controlled by the dealers or their MFPs and non-MFP executive officers (collectively, “covered parties”).

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