{"id":5321,"date":"2012-07-31T00:00:00","date_gmt":"2012-07-31T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2012\/07\/reform_the_municipal_bond_mark"},"modified":"2022-04-28T13:20:37","modified_gmt":"2022-04-28T18:20:37","slug":"reform-the-municipal-bond-mark","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/reform-the-municipal-bond-mark\/","title":{"rendered":"Reform the Municipal Bond Market, Says the SEC"},"content":{"rendered":"\n<p>The US Securities and Exchange Commission is calling for broad reforms to the $3.7 trillion municipal bond market. Today, it published a 165-page report that included its recommendations. One of its main concerns is that individual investors have the lower hand when they sell and buy purchase bonds that are issued by the states and cities. The SEC wants Congress to mandate that municipal bond issuers give investors the same information that they would get in other financial markets because right now, the market is not just \u201cilliquid\u201d but also \u201copaque.\u201d <\/p>\n<p>Whether through exchange-traded funds, mutual funds, or directly, investors currently hold 75% of the over 1 million bonds that are outstanding. One reason municipal bonds are so popular is that the income from these instruments are usually tax-exempt. However, problems with the market have recently surfaced that have caused the Commission concern.<\/p>\n<p>A number of municipalities have tried to escape their bondholder commitments by filing for bankruptcy. Meantime, bankers have had to go to trial for alleged bid rigging while taking advantage of states and cities. Also, the general lack of information for investors about the municipal bonds that they are purchasing makes it difficult for them to assess prices (Because the majority of bonds are not traded daily, brokerages and banks are the ones that primarily get to determine how the bonds are priced) and financial firms are having an easier time charging municipalities too much when assisting them in issuing bonds.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/reform-the-municipal-bond-mark\/\"  title=\"Continue Reading Reform the Municipal Bond Market, Says the SEC\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission is calling for broad reforms to the $3.7 trillion municipal bond market. Today, it published a 165-page report that included its recommendations. One of its main concerns is that individual investors have the lower hand when they sell and buy purchase bonds that are issued by the states and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3922],"tags":[],"class_list":["post-5321","post","type-post","status-publish","format-standard","hentry","category-municipal-bonds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reform the Municipal Bond Market, Says the SEC &#8212; Investor Lawyers Blog &#8212; July 31, 2012<\/title>\n<meta name=\"description\" content=\"The US Securities and Exchange Commission is calling for broad reforms to the $3.7 trillion municipal bond market. Today, it published a 165-page report &#8212; July 31, 2012\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/reform-the-municipal-bond-mark\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Reform the Municipal Bond Market, Says the SEC &#8212; Investor Lawyers Blog &#8212; July 31, 2012\" \/>\n<meta name=\"twitter:description\" content=\"The US Securities and Exchange Commission is calling for broad reforms to the $3.7 trillion municipal bond market. Today, it published a 165-page report &#8212; July 31, 2012\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Reform the Municipal Bond Market, Says the SEC &#8212; Investor Lawyers Blog &#8212; July 31, 2012","description":"The US Securities and Exchange Commission is calling for broad reforms to the $3.7 trillion municipal bond market. 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Today, it published a 165-page report &#8212; July 31, 2012","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/reform-the-municipal-bond-mark\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/reform-the-municipal-bond-mark\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Reform the Municipal Bond Market, Says the SEC","datePublished":"2012-07-31T05:00:00+00:00","dateModified":"2022-04-28T18:20:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/reform-the-municipal-bond-mark\/"},"wordCount":571,"articleSection":["Municipal Bonds"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/reform-the-municipal-bond-mark\/","url":"https:\/\/www.investorlawyers.com\/blog\/reform-the-municipal-bond-mark\/","name":"Reform the Municipal Bond Market, Says the SEC &#8212; Investor Lawyers Blog &#8212; July 31, 2012","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2012-07-31T05:00:00+00:00","dateModified":"2022-04-28T18:20:37+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The US Securities and Exchange Commission is calling for broad reforms to the $3.7 trillion municipal bond market. 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