WASHINGTON SEC member Michael Piwowar has asked the SEC's Office of Municipal Securities to work with him on proposals to improve price transparency in the market.
Piwowar talked about the request in remarks made to U.S. Chamber of Commerce members on Monday, telling them that there is ample opportunity for the SEC to improve the fixed-income markets by picking "low hanging fruit," such as potentially requiring the disclosure of markups and markdowns on riskless principal transactions.
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