Securities and Exchange Commissioner Michael Piwowar told attendees at the Municipal Finance Conference in Boston on Friday that retail investors in the $3.7 trillion municipal bond market need to be offered better pricing information before trades are executed, Reuters reports.
“The municipal securities market has long suffered from a lack of price transparency, and this deficiency is particularly acute for retail investors,” Piwowar said. “There is still a significant need for publicly available information regarding pre-trade pricing for these financial products.”
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