August 20, 2018 / 5:18 PM / a month ago

U.S. SEC rule change targets municipal securities disclosure

WASHINGTON, Aug 20 (Reuters) - Municipal securities dealers must now inform investors about material financial obligations and defaults or other similar events under changes to municipal securities disclosure rules, the U.S. Securities and Exchange Commission said in a statement on Monday.

Compliance with the amended rule is slated to begin in about six months, the SEC added.

Reporting by Susan Heavey, Editing by Rosalba O'Brien

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