SEC Chair Gary Gensler: "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"
https://www.sec.gov/news/speech/gensler-remarks-municipal-securities-disclosure-conference-051023
Highlights:
* "Based on these authorities, in 1989 the Commission adoptedโand as recently as in 2018 amendedโRule 15c2-12."
* "The rule ensures that those acting as underwriters of municipal securities confirm that issuers agree to make continuous disclosures to investors,