SEC is investigating municipal bond market, says California treasurer’s office

The U.S. Securities and Exchange Commission is looking into “certain market practices” by participants in the municipal bond market, according to Bloomberg News. The California treasurer’s office said the SEC was conducting an investigation into the $3.8 trillion market, after a request for information led to the unexpected disclosure. But the treasurer’s office was vague on the extent of the probe. An SEC spokesman declined to comment on the report.

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From:: Stock Market News

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