Municipal disclosure

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.

NFMA says investors provide access to capital, so the group expects disclosure from issuers in return.

State Comptroller Susana Mendoza released interim numbers because the state's comprehensive annual financial report for fiscal 2019 is unfinished.

The idea of giving more enforcement powers to the SEC doesn't sit well with issuer officials.

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

The submission calculator received criticism from issuers and analysts with some saying it isn't ready for "prime time."

The topic of issuer disclosure timing has heated up in recent months, and widened a divide between issuers and analysts.

While scrutiny of climate risks grows for municipal bond issuers, so do opportunities to broaden investor interest.

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