The Securities and Exchange Commission unanimously agreed to propose rules for establishing a broad whistleblower program less than a week after an SEC attorney said the agency has obtained numerous queries from muni market participants interested in reporting abuses for awards.

The five commissioners voted unanimously Wednesday to propose the rules after Mark Zehner, deputy director of the municipal and public pension fund enforcement unit, told bond lawyers meeting in San Antonio last Thursday that the SEC had obtained numerous queries from muni market participants about the whistleblower program.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.