SEC Urges Confidence in Municipal Bond Market.
| Position | News Briefs - Securities Exchange Commission - Brief Article |
* In the aftermath of the terrorist attacks on the World Trade Center and the Pentagon, the Securities and Exchange Commission issued a letter to the municipal market urging participants to "step forward and support the integrity and strength of the municipal bond market." The municipal market has been unsettled since the attacks as a sharp decline in air travel and hotel occupancy has threatened to undermine the stability of revenues pledged for bond payments. The letter emphasized the need for the bond market to remain strong since billions of...
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