SEC

Walter told The Bond Buyer she has been hearing the same push for transparency since her start at the SEC.

The SEC said that the timeliness of disclosures is a “major challenge” in the secondary market for municipal securities.

The investigation had appeared likely to be tied to a fraud case involving the New York State Common Retirement Fund.

SEC staff stayed consistent with its message that antifraud provisions apply to all public statements made by issuers.

The dealer group has opposed the proposed order from the start, and is keeping the pressure on as the SEC appears poised to approve the proposal in some form.

Bond Dealers of America sent the SEC a long list of requests to limit municipal advisors' roles in private placements.

Municipal bond issuers say investors, analysts and regulators should narrow down the information they are looking for in their push for more disclosure.

The Municipal Securities Rulemaking Board on Monday detailed plans to reduce its board size and alter its composition.

The Municipal Securities Rulemaking Board has received criticism for the large size of its board and its selection of public board members.

The Securities and Exchange Commission will discuss voluntary disclosure and buy-side perspectives among other topics in March.