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Article: Muni Consultants Stepping Up Contributions to Issuer Officials.
- Article from:
- The Bond Buyer
- Article date:
- September 30, 2003
- Author:
CopyrightCOPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nine broker-dealers disclosed that 30 municipal securities consultants made a total of $268,736 in political contributions to issuer officials and other local, state, and federal office-holders and candidates during the first half of 2003 -- more than double the $114,588 in political contributions made by consultants during the same period three years ago.
This was one of the findings of an extensive review by The Bond Buyer of the G-37/G-38 forms that the 15 top-ranked underwriters submitted to the Municipal Securities Rulemaking Board during the first halves of 2000 and 2003. Most dealer officials claim they use consultants to supplement their own staffs ...