SEC’s Gallagher Speaks on Municipal Securities Market
At the Municipal Securities Rulemaking Board’s inaugural Municipal Securities Regulator Summit recently, the U.S. Securities and Exchange Commission’s (“SEC”) Daniel Gallagher shared with attendees the SEC’s efforts to review the municipal securities market. A few years ago, the SEC held public hearings in on the municipal securities market. The hearings eventually led to the 2012 Report on the Municipal Securities Market. During his speech in Washington D.C., Gallagher discussed various issues facing municipal securities markets, such as riskless principal transactions, post-trade price transparency, the best execution issues related to retail customers, and threats posed by pension and other post-employment retirement. Read More.
Topics: Daniel Gallagher, Execution Issues, Municipal Securities Regulator Summit, Municipal Securities Rulemaking Board, Pension, Post Trade Transparency, Retail, Retirement Benefit Liabilities, Riskless Principal Transactions, U.S. Securities and Exchange Commission "SEC"