Editor's Note: The following is a reprint of the set of 40 questions and answer issued Tuesday by the Municipal Securities Rulemaking Board to help dealers understand and comply with the board's new political contributions rule G-37, which took effect April 25. The rule bars municipal dealers from doing business with state and local governments for two years after the dealer, its political action committee, or its bond professionals contribute to an officeholder who could influence the awarding of bond business. Employees, however, can give up to $250 to candidates running for office in the jurisdiction where they live. The board released the "Q and A" along with a set of proposed revisions to Rule G-37, including an amendment that would protect firms that make good faith efforts to comply with the rule from being penalized for isolated violations by employees. The revisions are being reviewed by the Securities and Exchange Commission.

Rule G-37

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