SEC OKs Changes To Muni Bond Disclosure Rules

Law360, New York (May 26, 2010, 7:12 PM EDT) -- The U.S. Securities and Exchange Commission unanimously voted Wednesday to approve changes to SEC Rule 15c2-12 in order to improve the quality and timeliness of municipal securities disclosure.

The amendments, which are designed to provide enhanced information to municipal securities investors by further regulating the underwriters and sellers of these securities, will strengthen the existing requirements for the scope of securities covered, the nature of the events that issuers must disclose and the time period in which disclosures must be made, according to the commission....
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