One treasurer on Friday worried that the Securities and Exchange Commission is planning to examine most state pension disclosures in bond documents, while another said small issuers want more guidance for competitive bond sales.

Michael Fitzgerald, Iowa’s Treasurer, expressed concerns about pension disclosures after John Cross, chief of the SEC’s office of municipal securities, told those attending at the  National Association of State Treasurers’ annual Legislative Conference, to expect increased enforcement in the municipal area.

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