SEC Chair Gary Gensler: “While the SEC oversees more than 7,000 public company issuers, there are around 50,000 municipal securities issuers. Strikingly, there are approximately one million different outstanding municipal securities—more than 30 times the number of outstanding corporate bonds.”
by Dismal-Jellyfish Remarks before the Municipal Securities Disclosure Conference https://www.sec.gov/news/speech/gensler-remarks-municipal-securities-disclosure-conference-051023 Highlights: “Based on these authorities, in 1989 the Commission adopted—and as recently as in 2018 amended—Rule 15c2-12.” “The rule ensures that those acting as underwriters of municipal securities confirm that …