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To analyze the Municipal Securities Rulemaking Board’s new rule outlining the standards of conduct and fiduciary duties applicable to municipal advisors.

This article contains a summary of new MSRB Rule G-42 and identifies key areas where the final version of MSRB Rule G-42 differs from the initial proposal.

New MSRB Rule G-42 represents another significant milestone in the MSRB’s development of a comprehensive regulatory framework for municipal advisors mandated under the Dodd-Frank Wall Street Reform and Consumer Protection Act and imposes significant requirements on municipal advisors.

Practical guidance from experienced securities and financial services lawyers.

We conduct an experiment to examine the occurrence of the bystander effect on willingness to report a fraudulent act. Specifically, we investigate the impact of evidence strength on managers’ decisions to blow the whistle in the presence and absence of other employees who have knowledge of the wrongdoing. Results indicate that when there is strong evidence indicating a fraudulent act, individuals with sole knowledge are more likely to report than when others are aware of the fraudulent act (the bystander effect). However, the bystander effect is not found when evidence of fraud is weak. Further, a mediated moderation analysis indicates that perceived personal responsibility to report mediates the relation between others’ awareness of the questionable act and reporting likelihood, suggesting that the bystander effect is driven by diffusion of responsibility. Our results have implications for all types of organizations that wish to mitigate the detrimental effect of fraud. Specifically, training or incentives may be necessary to overcome the bystander effect in an organization.

When the organizers of this conference asked me more than a year ago to provide this meeting with a paper, which should be ‘to a high degree imaginative, forward‐looking and provocative’, I had a feeling, that ‘King Aslib’ was somehow looking for a court jester, a ‘Hofnarr’ like the ones which used to enliven the sessions of the Dukes of Hessen at Darmstadt Castle. Now I happen to have a lot of admiration for those sharp tongued little men sitting at the end of the table, because they could dare to utter certain truths—or at least half‐truths—and throw out preposterous but sometimes amusing ideas, which the mighty ones could not have uttered without losing face.

This paper aims to explore the tripart relationship between British police officers, Local Authority representatives and community members based on a Midlands neighbourhood case study. It focuses on experiences of the strengths and challenges with working towards a common purpose of community safety and resilience building.

Data was collected in 2019 prior to enforced COVID lockdown restrictions following Staffordshire University ethical approval. An inductive qualitative methods approach of semi-structured individual and group interviews was used with community members (N = 30) and professionals (N = 15), using a purposive and snowball sample. A steering group with academic, police and Local Authority representation co-designed the study and identified the first tier of participants.

Community members and professionals valued tripart working and perceived communication, visibility, longevity and trust as key to addressing localised community safety issues. Challenges were raised around communication modes and frequency, cultural barriers to accessing information and inadequate resources and responses to issues. Environmental crime was a high priority for community members, along with tackling drug-related crime and diverting youth disorder, which concurred with police concern. However, the anti-terrorism agenda was a pre-occupation for the Local Authority, and school concerns included modern slavery crime.

When state involvement and investment in neighbourhoods decline, community member activism enthusiasm for neighbourhood improvement reduces, contrasting with government expectations. Community members are committed partnership workers who require the state to visibly and demonstrably engage. Faith in state actors can be restored when professionals are consistently present, communicate and follow up on actions.

THE NINETIENTH ANNIVERSARY of Sean O'Casey's birth and the recent acquisition by the New York Public Library of the papers of his literary estate afford an opportunity to view, once more, the remarkable achievements of a dramatist of universal distinction. A passionate believer in the cause of man's dignity and freedom, whose plays touched off riots and sparked off controversies, whose works wrung the beauty and passion and heartaches from the experiences of everyday life and ‘whose lips were royally touched’—to quote J. C. Trewin's recent colourful phrase—O'Casey was, with Shaw, one of the few incomparably great playwrights of the present century. Not without his detractors: one critic's jibe that O'Casey is ‘an extremely overrated writer with two or three competent Naturalist plays to his credit, followed by a lot of ideological bloat and embarrassing bombast’ is the kind of factitious reaction one expects from critically immature minds. Shaw's plays, at first, were slighted, but they survived, and today are flourishing; predictably, O'Casey's will enjoy a similar fate. O'Casey is a world dramatist in the widest sense, because he viewed the theatre in the same epic way as Shakespeare and the rest of the Elizabethans.

The aim of this paper is to explore the entry and success of hip‐hop entrepreneurs in the music industry and identify the competitive reactions of well‐established firms within the industry.

The paper used anecdotal data and popular press coverage to trace the evolution of the hip‐hop music industry in the USA and discuss aspects of the marketing strategies of key players in the industry. Additionally, the strategic response of dominant firms to their success within the industry is explored.

Hip‐hop music and its ensuing culture is now a well‐established industry that has enormous marketing power. Although few championed their efforts in the beginning, the contributions of Black American entrepreneurs to the music industry is becoming increasingly recognized by existing firms within the industry and beyond. The failure of major record companies to capitalize on the hip‐hop phenomenon resulted in the creation of new ventures and a new industry. While one could argue that very few key Black American entrepreneurs remain in the industry, the impact and influence of these entrepreneurs and those that have been recruited by major labels suggests that the hip‐hop entrepreneurs should not be ignored.

This paper sheds light on the development of the hip‐hop music industry, which could be of value to aspiring Black American entrepreneurs and marketing managers of companies in other industries that target young urban customers as well as companies that are interested in forming partnerships with Black American entrepreneurs.