WASHINGTON - The Securities and Exchange Commission does not need to consider new disclosure rules or registration requirements for municipal issuers as a result of the Orange County, Calif. controversy, SEC Commissioner Richard Roberts said yesterday.

"I'm not inclined to favor registration. I don't think that's necessary," said Roberts, who has played a key role in many of the reforms that the SEC has promoted for the municipal market.

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.