WASHINGTON -- The Securities and Exchange Commission's top lawyer delivered a blistering attack on bond lawyers Saturday, charging they have done little to address pay-to-play problems in the municipal bond market.

In a speech before the American Bar Association's business law section, Simon M. Lorne, the SEC's general counsel, said it is "shocking" that bond lawyers have done little to confront pay-to-play practices and that they appear to be in a "state of denial" about such practices that is "profoundly dangerous" to the legal profession.

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