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SEC's Greenberg Probes Muni Market `Egregious Conduct' as Scrutiny Widens

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AH YES, ANOTHER SHOE STILL TO DROP
Elaine Greenberg, whose crackdown on regulatory abuses in the $2.8 trillion U.S. municipal bond market is the most ambitious since the 1990s,according to Bloomberg, is looking at possible bid-rigging for municipal-investment contracts by banks including JPMorgan Chase & Co. and Bank of America Corp., public officials who hire advisers based on political contributions and local governments that fail to disclose their true financial condition."“There’s some very egregious conduct that goes on,” Greenberg said in an interview at the SEC’s Philadelphia office, where she’s an associate director. “The deterrent effect of cases the SEC brings in this area has the potential to be high.”"
SOURCE:   Bloomberg

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