Securities and Exchange Commission staff are in late stages of finalizing the municipal advisor definition and are considering concerns raised about the definition by state and local governments, the head of the SEC's Office of Municipal Securities told a group of state and local finance officials here Thursday.
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.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY