Municipal Bond Forum
Who recommends your bonds?
Q
Thanks for the update on Ambac. But your advice that investors examine closely the bonds they purchase is really the job of FMS and your sales brokers.
A
James A. Klotz responds:
We agree that it is our responsibility to thoroughly research any recommendations we make. At the same time, we also think it is incumbent upon the investor to identify the firm that is most likely to deliver on this promise.
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