The Enforcement Division of the Securities and Exchange Commission formed a specialized municipal securities and public pensions enforcement unit more than two years ago. Since its formation, the Municipal Securities and Public Pensions Unit has filed increasing numbers of cases each year and filed a record number of municipal market enforcement actions in 2012.

This Year in Review summarizes key municipal market SEC enforcement actions in 2012. These cases demonstrate the SEC’s increased focus on the sufficiency and accuracy of disclosures, as well as on the integrity of the underwriting and investment contract processes.

Read our 2012 Year in Review: Key SEC Municipal Market Enforcement Actions >