On September 7th, the SEC announced that it will launch a series of field hearings to examine the municipal securities markets starting in San Francisco on September 21, 2010. Topics will include disclosure and transparency, credit ratings, and internal controls. Other hearings will be conducted in Chicago, Illinois, Washington, D.C., Tallahassee, Florida, and Austin, Texas. Each hearing will include participants from the local region and will examine different sets of issues, including investor protection and education; financial reporting and accounting; market stability and liquidity; the Municipal Securities Rulemaking Board; municipalities as conduit borrowers; offering participants, professionals and market intermediaries; Build America Bonds; and 529 plans. SEC Press Release (with hearing agenda); SEC Release No. 34-62853 (hearing notice).