SEC Steps Up Probe Into Troubled Muni Bonds
January 14, 2011 at 14:34 PM EST
Fox Business Network Senior Correspondent Charlie Gasparino reports the Securities and Exchange Commission (SEC) is “looking at whether municipalities are adequately disclosing their budget woes to investors.” Gasparino said the SEC is concerned because “more than any other investment, muni bonds are held by retail investors.” Excerpt, courtesy of Fox Business Network: On the SEC [...]