CHICAGO -- Another year has passed without significant new federal regulation of municipal securities, but Washington can still be expected to react swiftly if major problems crop up, a prominent securities lawyer warned bond attorneys yesterday.

"I think it's strictly providence that has kept us from seeing any new significant legislative or regulatory efforts," said Edward Pittman of Brown & Wood. Formerly counsel to the Securities and Exchange Commission's Richard Roberts, Mr. Pittman joined the New York law firm this spring after seven years at the SEC.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.