FINRA seeks information on municipal bond collapses

07/1/2009 | NYTimes.com

The Financial Industry Regulatory Authority said it is striving to gain information from financial firms involved in recent collapses of municipal bonds. The regulator is looking into companies that underwrote derivatives-linked securities that were sold to local governments. "FINRA is taking concerted action to ensure that investors are aware of both the risks and the benefits that might be associated with a muni bond investment," said FINRA CEO Richard G. Ketchum.

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