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Decades of Regulatory Exemptions Have Been to the Detriment of the Municipal Bond Market

David Dubrow and Kent Hiteshew
Two municipal market veterans, David Dubrow and Kent Hiteshew, delve into the history and current state of disclosure practices in the municipal bond market, highlighting the flaws in the current system. In a follow up, the authors will explore potential paths to reform and key components of a uniform standard of disclosure for municipal securities.

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