Arthur Levitt, Jr., the new chairman of the Securities and Exchange Commission, says he plans to continue to build up the agency's expertise in the municipal bond market by hiring some staff members with backgrounds in state and local finance.

"I'm looking at a variety of people who have expertise in this area that I want to come on board and assist us," Levitt said in an hour-long interview with reporters and editors at The Bond Buyer's New York City headquarters on Tuesday.

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