WASHINGTON — Securities and Exchange Commission chairman Mary Jo White said Wednesday that an examination of national and regional municipal securities underwriters and a resulting 2012 risk alert on whether they were doing enough to ensure the accuracy of offering documents is an example of how behind-the-scenes SEC action protects investors.

Speaking at the Practising Law Institute’s 45th Annual Securities Regulation Institute, White focused on how unpublicized SEC work frequently contributes to the health of U.S. financial markets and held up a 2011 muni underwriter investigation as a prime example.

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