Fundsters who attended the ICI conference in Washington, D.C. last week will find the topic of today's Wall Street Journal Fund Track
a familiar one.
In the article, Daisy Maxey picked up on the speech on municipal securities that was delivered Friday morning
at the conference by Buddy Donahue
, the SEC's director of investment management. Donahue substituted
for SEC chair Mary Schapiro
, who was originally slated to speak at the event, but backed out to focus her time on investigating Thursday afternoon's gut-wrenching market drop.
Donahue told attendees that the SEC plans to hold field hearings across the country regarding
the municipal securities market. The commission will then recommend changes, be it
to laws, regulation or private sector best practices.
to view the speech in its entirety.
Armie Margaret Lee
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