SEC: Muni-disclosure changes considered
Regulators are considering a proposal that would expand issuer disclosure in the municipal-securities market.
Regulators are considering a proposal that would expand issuer disclosure in the municipal-securities market. In general terms, the proposed rule amendments would require a broker, dealer or municipal-securities dealer to verify, within reason, that the issuer or obligated person has agreed to provide certain information to the Municipal Securities Rulemaking Board. Comments were due last month. For more details, visit sec.gov/rules/proposed/2009/34-60332.pdf.
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