A method and apparatus is provided for gathering information from issuers of municipal securities and distributing information evenly to municipal disclosure repositories, regulatory bodies and the public. A computer application enables an issuer to enter ongoing information about an issue to comply with contractual obligations to bond holders and to provide Brokers and Dealers with a procedure for facilitating regulatory requirements that provide prompt notice of events relating to bonds they recommend to customers. The computer application prompts issuers to file information that is required to be submitted on a periodic basis, and publishes such information to the public, while also transmitting such information to municipal disclosure repositories and/or regulatory bodies. If an issuer does not submit required information by a due date, a failure to file notice is generated. An audit trail is established for gathered and distributed information.