SEC Examining Muni Funds, From 'Soup to Nuts’

The Bond Buyer reports:

Securities and Exchange Commission examiners have been closely scrutinizing municipal bond mutual funds, sources familiar with the inquiries said Friday.

“They’re looking at muni funds period, soup to nuts,” said one source who did not want to be identified. “They’re looking at every aspect of the business — where are the risky areas and are there problems in those areas.”