SEC

Former chairman of the Securities and Exchange Commission, Arthur Levitt says that America's municipal ('muni') bond needs reform along with private sector bond trading. Muni bonds are more susceptible to default, he says, than commercial bonds because of their greater "opacity" and the lack of consistent and enforced standards.

Jake Corman a prominent member of the Pennsylvania Senate has lodged a complaint with the US Securities and Exchange Commission (SEC) citing a report in TOLLROADSnews of comments made by Turnpike CEO Joseph Brimmeier at IBTTA in Vienna.