MSRB

Municipal Securities Rulemaking Board (MSRB)Welcome to the Municipal Securities Rulemaking Board (MSRB), the self-regulatory organization dedicated to protecting investors and promoting a fair and efficient municipal securities market. Established under the Securities Acts Amendments of 1975, the MSRB plays a crucial role in regulating the municipal securities industry, which includes municipal bonds, notes, and other related securities.

Our Mission

The MSRB’s mission is to enhance the integrity of the municipal securities market by establishing rules and policies that govern the activities of brokers, dealers, and municipal advisors. We aim to ensure transparency, fairness, and investor protection in the issuance and trading of municipal securities, thereby fostering public confidence in the market.

Key Functions

• Rulemaking: The MSRB develops and enforces rules that govern the conduct of municipal securities firms and advisors. These rules are designed to protect investors and ensure fair practices in the market.
• Market Transparency: Through our Electronic Municipal Market Access (EMMA) system, we provide free access to municipal securities data, including official statements, continuing disclosures, and trade data. This transparency helps investors make informed decisions.
• Education and Resources: We offer a wealth of educational materials and resources for both industry professionals and the public. Our goal is to promote understanding of municipal securities and the regulatory framework that governs them.
• Research and Analysis: The MSRB conducts research on market trends and trading patterns, providing valuable insights that help stakeholders navigate the complexities of the municipal securities market.

Why Choose MSRB?

• Expertise: With a dedicated team of professionals and a comprehensive understanding of the municipal securities landscape, the MSRB is a trusted authority in the industry.
• Commitment to Integrity: We prioritize the protection of investors and the public interest, ensuring that our rules and practices uphold the highest standards of integrity.
• Community Engagement: The MSRB actively engages with market participants, regulators, and the public to foster collaboration and dialogue on key issues affecting the municipal securities market.

Get Involved

Stay informed about the latest developments in the municipal securities market by visiting our website at msrb.org. Whether you are an investor, a municipal advisor, or a member of the public, we invite you to explore our resources and join us in promoting a transparent and efficient municipal securities market.