More than half of the Public Securities Association's regional member firms are observing the trade groups' voluntary moratorium on campaign contributions, the PSA said Monday.

In a statement, PSA president Heather Ruth said that while the group is not tracking which firms are following the recommendation for a moratorium, "based on information volunteered in conversations with regional members, we judge that more than half have instituted some from of moratorium until the [Municipal Securities Rulemaking Board] rule is resolved."

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