WASHINGTON The faceoff between Alabama bond dealer William Blount and regulators over political contributions took another turn last week as Blount refused to send the MSRB a report on his giftgiving activities for the past three months.

The quarterly reports were due at the Municipal Securities Rulemaking Board for the first time ever last Monday under Rule G-37, the board's controversial new "pay-toplay" rule. which Blount is challenging in a federal Appeals Court.

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