WASHINGTON — The Securities and Exchange Commission will likely vote to adopt final changes to its Rule 15c2-12 on disclosure “very early” next year and will then meet with lawmakers to see what can be done to expand its authority over the muni market, SEC chairman Mary Schapiro said this week.

“We’re coming close to having exhausted the limits of our authority to mandate disclosure through the dealers,” she said in an interview with The Bond Buyer from her 10th floor office overlooking the U.S. Capitol here. “And it will be time for us next year to take a serious look at what more we can do and what we ought to be talking to Congress about doing.”

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