BIRMINGHAM, Ala. — The Securities and Exchange Commission will issue a wide-ranging staff report about the municipal securities market, including recommendations for legislative change, commissioner Elisse Walter said Friday.

Walter’s remarks came in an interview as SEC officials and market participants converged here for a one-day hearing on the state of the municipal securities industry. She declined to say when the SEC will release the report, but said it will address a range of issues, including lessons learned from Jefferson County, Ala., where officials last week averted — at least temporarily — filing the largest municipal bankruptcy in history.

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