in a july 15, 2009 s speech, the chairman, mary schapiro, stated more needed to be done to put disclosure of securities on par with the disclosure of corporate. i plan to work to request enhanced sec authority with respect to municipal securities disclosures so that investors in munis have the full complement of information they deserve about their investments. her comments were immediately followed by a more pointed speech on october 29 by commissioner walter entitled "regulation of municipal securities markets, investors are not second-class citizens," where she states investors deserve the same level of high quality disclosure protection in the municipal market as they currently get in the corporate market and should not have to be forced to rely on good faith voluntary disclosure, and as an added benefit, i believe that improved municipal disclosure will give taxpayers a better idea of what their elected representatives are doing with their tax dollars. since then, there has been a steady drumbeat by the sec and others about perceived shortfalls associated with municipal securities di