Meister: CFTC to target third party muni managers

Author: | Published: 20 Sep 2011

The Commodity Futures Trading Commission (CFTC) will target third party managers with municipal securities in their portfolios, according to the regulator's Director of Enforcement, David Meister.

"Lots of people are invested in [municipal securities] and with the strain on state municipal resources, valuation issues and infrastructure needs, it’s an area that has concerned us," said Meister at a panel discussion at...