WASHINGTON — Securities and Exchange Commission chairman Mary Schapiro is expected to preside over a one-day hearing on the municipal securities market near Birmingham, Ala., in two weeks, sources said.

The SEC is expected to convene the panel, the third in what was once billed as a nationwide series of five muni hearings, on July 29 at Homewood’s city hall in a Birmingham suburb. The session will bring SEC officials and staff to the heart of Jefferson County, where a court-appointed receiver is managing the county’s sewer system, as well as its defaulted warrants and swaps.

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