Lawyers representing the municipal market's top bond firms have completed their revision of a voluntary ban on campaign contributions and have presented the new version to the Securities and Exchange Commission, sources with knowledge of the matter say.

Wall Street agreed to the contribution ban last October, but the accord has faced a number of revisions as bond houses attempt to make their rule read more like a federal ban on contributions mandated by the Municipal Securities Rulemaking Board.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.