Series 50: Prohibitions

Prohibitions

Rule G-42 specifically prohibits a municipal advisor from the following:

•Being compensated excessively for its activities

•Providing an invoice that contains material inaccuracies

•Providing any information that it knows or should know is false or misleading when attempting to secure a municipal advisory relationship

•Being involved in a fee-splitting arrangement with an underwriter on a transaction for which it is or has been a municipal advisor

•Paying to obtain a municipal advisory relationship, except when:

»The payment is to an a