The Securities and Exchange Commission's investigation of the municipal market widened this week with subpoenas going out to a host of small New Jersey issuers that did business with Consolidated Financial Management.

Issuers receiving the latest round of subpoenas included school districts in Absecon, East Greenwich, Elk Township, Evesham Township, Logan, Mantua, Perth Amboy, Point Pleasant, Tinton Falls, West Deptford, and West Long Branch.

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