SEC Chairman Christopher Cox
Muni-land siege now… good for investors… bad news for the banks…
Andrew Ackerman of the Bond Buyer scored an excellent and detailed interview with SEC Chairman Christopher Cox… the topics? …
- Municipal issuer disclosure
- GIC investigations
- Market turmoil
- Jefferson County
- Tower amendment and possible refinements
- EMMA and issuer compliance
- Muni derivatives
- Enforcement division staffing
- June 2009 term expiration or further
This is a wonderful full menu aimed at cleaning up practices in the municipal market.
Kudos to Chairman Cox and all the members of the Commission working on these initiatives… taxpayers and investors will benefit… great, great stuff!
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[...] Repeal the Tower amendment to improve municipal disclosure A recent study says about 25% of municipal issuers are chronically delinquent in filing their disclosure documents. The Congress should consider means of enhancing disclosure. Information flow is vital for healthy markets and the protection of investors. ~ ~ Photo image credit — Ocean Flynn This was written by cate. Posted on Saturday, October 11, 2008, at 6:21 pm. Filed under Liquidity, Pricing, Regulatory, Restructuring, Trading. Tagged “Federal Reserve”, ATS, Bear, bonds, clearing, Congress, exchange, fixed income, Goldman Sachs, Lehman, Morgan Stanley, municipal, OTC, ratings, SEC, securities, TRACE, Trading, Treasuries, Treasury. Bookmark the permalink. Follow comments here with the RSS feed. Post a comment or leave a trackback. [...]
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