New Jersey got off easy in its settlement with the SEC, and the agency needs to do more to crack...

|By:, SA News Editor

New Jersey got off easy in its settlement with the SEC, and the agency needs to do more to crack down on municipal bond abuses - which are commonplace - Arthur Levitt writes. Congress had a chance to strengthen SEC enforcement of the muni market but took a pass, he says, so reform likely must "wait until there is an implosion."