WASHINGTON -- The National Federation of Municipal Analysts is urging regulators to press issuers to give dealers and investors more time to review preliminary official statements for bond deals.

"We strongly recommend that POSs, along with other material documents, should be received by the financial community no later than one week prior to pricing," said Jeffrey M. Baker, chairman of the federation's industry practices and procedures committee, and Richard A. Ciccarone, past chairman of the panel.

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.