MSRB rule would restrict political contributions by financial advisers

04/19/2011 | Bloomberg

The U.S. Municipal Securities Rulemaking Board adopted a rule to limit the rights of financial advisers to make campaign contributions if they are advising municipalities. The rule would prohibit financial advisers from working for governments in any state where they make campaign contributions to elected state officials. The rule won't take effect until it is approved by the Securities and Exchange Commission, said Michael Bartolotta, the board chairman.

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