Posts about Public companies
Remarks before the Municipal Securities Disclosure Conference
https://www.sec.gov/news/speech/gensler-remarks-municipal-securities-disclosure-conference-051023"Based on these authorities, in 1989 the Commission adopted—and as recently as in 2018 amended—Rule 15c2-12."
"The rule ensures that those acting as underwriters of municipal securities confirm that issuers agree to make continuous disclosures to investors, and that the disclosures are available in a manner designated by the SEC."
"Further, under the rules, brokers must confirm that issuers agree to make disclosures with respect to official statements, annual financial information, and 16 relevant material events."
"These important disclosure rules both help protect investors and facilitate capital formation by municipal issuers."
"I’d like to note how critical this $4 trillion market is. It provides access to the markets for local governments to provide basic services for their communities—building roads, schools, parks, bridges, hospitals, and more."
"While the SEC oversees more than 7,000 public company issuers, there are around 50,000 municipal securities issuers."
"Strikingly, there are approximately one million different outstanding municipal securities—more than 30 times the number of outstanding corporate bonds."
Municipal Securities is a $4 trillion market.
While the SEC oversees more than 7,000 public company issuers, there are around 50,000 municipal securities issuers.
"Strikingly, there are approximately one million different outstanding municipal securities—more than 30 times the number of outstanding corporate bonds."