Reminder: Interpretation on Dealer-Controlled Political Action Committees Under Rule G-37

MSRB Notice

The MSRB issued a notice to remind firms that its interpretive guidance on political contributions and prohibitions on municipal securities business became effective on December 12. The interpretation could result in a PAC formed by or otherwise maintaining a relationship with an affiliate of a broker, dealer, or municipal securities dealer being viewed as "controlled" being treated as a dealer-controlled PAC for purposes of MSRB Rule G-37.

Document Number

MSRB Notice 2010-57

Date

December 17, 2010

Cross Reference (links require a Cabinet subscription)

MSRB Notice 2010-45 (announcing approval of new interpretation)

MSRB Rule G-37