Court of Appeals for the D.C. Circuit October 4, 1995, 94-1336 (William B. Blount v. Securities and Exchange Commission, Municipal Securities Rulemaking Board, Intervenor)

STEPHEN F. WILLIAMS, Circuit Judge:

In late 1993, regulators of the municipal securities markets began to investigate reports that brokers and dealers were engaging in a variety of ethically questionable practices in order to secure underwriting contracts.