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.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access