WASHINGTON - Support is building on the Municipal Securities Rulemaking Board to amend the political contributions rule to protect firms from being punished because of isolated employee violations, board chairman David C. Clapp said Monday.

"The notion was met with a reasonable amount of acceptance" by board members last week, Clapp said in a telephone interview in which he discussed the panel's quarterly meeting that was held May 11-13 in Sea Island, Ga.

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