WASHINGTON -- The Public Securities Association said yesterday that it will invite senior managers from more than 200 regional bond firms to a closed-door session in Chicago on Nov. 17 to discuss whether member firms should voluntarily ban political contributions.

"Securities and Exchange Commission Chairman Arthur Levitt Jr. has sent us a letter seeking our help in developing a process by which municipal bond dealers can consider voluntarily discontinuing the practice of making political contributions that attempt or appear to attempt, to influence the awarding of municipal finance business," the PSA said in a one-page statement announcing the session.

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