Remarks before the Municipal Securities Disclosure Conference
· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)
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GG · Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiRemarks before the Municipal Securities Disclosure ConferenceContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.
Why it mattersGensler reminds underwriters of their duty to ensure ongoing disclosure for municipal bonds.
Problems raised- Municipal investors need ongoing information.
- Trust depends on full disclosure.
- Disclosure must be easy to find.
Solutions proposed- Apply Rule 15c2-12 on continuous disclosure.
- Have underwriters confirm issuer commitments.
- Make disclosures available in designated places.
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