BRADENTON, Fla. — Attorneys representing Jefferson County and a financial adviser for Alabama told the Securities and Exchange Commission Friday that there is room for improving disclosure practices while striking a balance with the needs of financially struggling issuers.

The one-day SEC field hearing was held in Birmingham, the seat of Jefferson County, and largely focused on municipalities suffering from budgetary distress and troubled financings as well as appropriate disclosure practices in the primary and secondary markets.

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