The Securities and Exchange Commission is pressuring brokers, dealers and underwriters to provide more information about municipal bond deals to improve transparency for investors. The SEC said the financial difficulties of local and state governments have prompted the need for improving record-keeping and disclosure in the municipal bond market. "To protect investors, it is important that broker-dealers perform adequate due diligence to assess the financial and operational condition of states and municipalities before selling their securities to the public," said Carlo di Florio, compliance director at the SEC.

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