WASHINGTON - Bond lawyers are concerned about the Securities and Exchange Commission's proposal to require issuers to disclose when they have received an Internal Revenue Service form that asks an issuer or borrower to help it resolve tax issues related to their bonds.

They voiced their concerns Friday, as the SEC formally released proposed changes to its Rule 15c2-12 on disclosure, which will be subject to a 45-day public comment period when published in the Federal Register in a few days.

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