Bond lawyers meeting in San Francisco felt the pang of sequestration when two Securities and Exchange Commission muni enforcement officials were unable to attend due to travel budget cuts, but other panelists predicted a flurry of enforcement activity in federal whistleblower programs and after the municipal advisor definition becomes available.

Neither Elaine Greenberg nor Mark Zehner, the chief and deputy chief of the Securities and Exchange Commission's enforcement division's muni and public pensions unit, were able to attend the National Bond Lawyers Association's 13th annual Tax and Securities Law Institute due to sequestration. The two had been scheduled to talk to NABL members about pay-to-play and other municipal enforcement issues.

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