SEC takes aim at disclosure, accounting standards

04/22/2009 | Bond Buyer (subscription required), The

Mary Simpkins, senior special counsel in the Securities and Exchange Commission's Office of Municipal Securities, said before a conference panel on regulatory reform that the SEC will likely introduce rules or push for regulation to improve municipal disclosure and accounting standards. Better standards are needed in areas such as muni-derivatives products, incomplete disclosure, inconsistent and voluntary accounting standards, and pay-to-play conflicts, Simpkins said.

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