Washington - Securities Law
SEC Approves Rules to Ease New-Issue Reporting
Thursday, December 20, 2012
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The SEC approved rule changes that would allow underwriters to fulfill some new-issue reporting requirements by filing information with the Depository Trust & Clearing Corp.'s New Issue Information Dissemination Service, or NIIDS.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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