WASHINGTON — The Securities and Exchange Commission’s recently-issued report on the municipal securities market should serve as a “starting point for comprehensive dialogue” with Congress and market participants on improving fairness and efficiency of the market, SEC Commissioner Daniel M. Gallagher said last week.

Speaking to business students at Georgetown University, Gallagher acknowledged the SEC “has not devoted sufficient attention and resources” to the municipal and corporate debt markets and “has traditionally focused more on equities.”

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