Securities and Exchange Commission event draws experts from across U.S.

 The focus is not necessarily on Jefferson County’s municipal bond problems, but on a variety of issues facing the market.

Among those scheduled to speak on a panel is Joseph Borg, director of the Alabama Securities Commission. Borg said he sees the need for more disclosure to bond investors by municipalities.

“I think there is room for improvement in not only the quality and quantity of initial disclosures, but the timely continuality of disclosures,” he said.

The size of the municipal bond market has grown from less than $20 billion in outstanding municipal debt in 1945 to about $2.8 trillion held by investors today, according to the SEC.

HEARING ON STATE OF MUNICIPAL SECURITIES MARKET

(View live webcast beginning at 8:30 a.m., a taped version available afterward)

SEC OFFICIALS

The Honorable Elisse B. Walter, Commissioner and chair of the field hearing

Robert W. Cook, Director, Division of Trading and Markets

Opening remarks: 8:30 – 9 am

The Honorable Spencer T. Bachus, III, Representative, 6th Congressional District of Alabama

The Honorable Elisse B. Walter

Distressed Communities: 9 – 10 am

Moderator: Dave Sanchez, Attorney-Fellow, Office of Municipal Securities, Division of Trading and Markets

Robert E. Brooks, Ph.D., Wallace D. Malone, Jr. Endowed Chair of Financial Management, University of Alabama

J. Foster Clark, Partner, Balch Bingham LLP

Philip Dotts, President, Public FA, Inc.

William C. Fallon, President and Chief Operating Officer, MBIA, Inc

James E. Spiotto, Partner, Chapman and Cutler LLP

Short Break 10 – 10:15 am

Small Issuers: 10:15 – 11:15 am

Moderator: Dave Sanchez

Scott Beardsley, Executive Managing Director, Crews Associates, Inc.

William P. Henderson, Managing Director, Public Finance Investment Banking, Piper Jaffray Co.

Alexandra M. MacLennan, Partner, Squire Sanders and Dempsey LLP

J. Hobson “Hobby” Presley, Jr., Attorney, Presley Burton Collier, LLC

Robert B. Scott, Assistant City Manager and Chief Financial Officer, Carrollton, Texas

Looking at Disclosures: Issuer and Investor Perspectives: 11:15 am – 12:30 pm

Moderator: Amy Starr, Chief, Office of Capital Market Trends, Division of Corporation Finance

Joseph P. Borg, Director, Alabama Securities Commission

Charles M. Duggan, Jr., City Manager, Auburn, Alabama

Jennifer L. Johnston, Vice President and Research Analyst, Franklin Templeton Investments

Edward “Ned” Mudd, Jr., Investor, Birmingham, Alabama

Paul Nolan, Senior Municipal Analyst, Asset Preservation Advisors

J. Ben Watkins, III, Director of the Division of Bond Finance, State of Florida

Lunch break 12:30 – 2:00 pm

Derivatives Use in Municipal Finance: 2 – 3 pm

Moderator: Amy Starr

Robert E. Brooks, Ph.D., Wallace D. Malone, Jr. Endowed Chair of Financial Management, University of Alabama

Mary-Margaret Collier, Director of State and Local Finance, State of Tennessee

Andrew Kalotay, Ph.D., President, Andrew Kalotay Associates, Inc.

Paul E. McElroy, Chief Financial Officer, JEA

Steven I. Turner, Partner, Hawkins Delafield Wood LLP

Pre-trade Price Transparency: 3 – 4 pm

Moderator: Alicia F. Goldin, Special Counsel, Office of Chief Counsel, Division of Trading and Markets

Jon K. Barasch, Senior Manager, Municipal Evaluation Quality Assurance, Interactive Data Pricing and Reference Data, Inc.

Ernesto A. Lanza, Deputy Executive Director and General Counsel, Municipal Securities Rulemaking Board

Johnny Lessley, Managing Director of Municipal Trading, Duncan-Williams, Inc.

John J. Lynch, Jr., Executive Vice President and Chief Operating Officer, Hartfield, Titus Donnelly, LLC

Richard Y. Roberts, Principal, Roberts, Raheb Gradler LLC

Article source: http://blog.al.com/businessnews/2011/07/securities_and_exchange_commis.html