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SEC Asks Congress for More Power to Create More Disclosure on Muni Bonds

“WASHINGTON (MarketWatch) — The Securities and Exchange Commission on Tuesday urged Congress to give the agency the power to improve disclosure standards and require audited financial statements for the $3.7 trillion municipal securities market as part of an effort to help retail investors in the market.

The SEC advocated the changes in a report it released on the municipal securities market. State and municipal governments issue bonds to finance the building and maintaining of U.S. infrastructure.”

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