WASHINGTON - The Public Securities Association asked member firms yesterday not to make any more political contributions to state and local officials with whom they do business until regulators adopt a final rule that provides clear guidance on such gifts.

"The PSA today recommends that each of its members institute a moratorium on all political contributions by municipal finance professionals and their supervisors to state and local officials or candidates for such office in jurisdictions where they do, or expect to do, municipal finance business," the association said in a four-page press release yesterday afternoon.

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