San Diego to Leave Muni Bond Group After SEC Oversight Concerns

The City of San Diego announced it will withdraw from the Municipal Securities Rulemaking Board after the Securities and Exchange Commission raised concerns about the organization's oversight practices. The MSRB is a self-regulatory organization that supervises municipal bond issuers and dealers. San Diego did not specify when the withdrawal would take effect or what specific SEC concerns prompted the decision.

• Bloomberg — San Diego to Leave Muni Bond Group After SEC Oversight Concerns

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