Bondholders Left in the Dark
Concern Grows Over Lack of Financial Disclosure by State, Local Governments By IANTHE JEANNE DUGAN
Concern Grows Over Lack of Financial Disclosure by State, Local Governments By IANTHE JEANNE DUGAN
Investors and regulators are growing increasingly concerned about the quality and timeliness of information that state and local governments are disclosing about their finances.
The Securities and Exchange Commission is inquiring about public statements Illinois made about its pension funds amid the agency’s increased scrutiny of the municipal-bond market, a representative for the governor said.
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