Municipal Securities Rulemaking Board (MSRB)

The Municipal Securities Rulemaking Board (MSRB) is a self-regulatory organization (SRO) that oversees the municipal securities market. The MSRB was created by Congress in 1975 to ensure the fairness, efficiency, and integrity of the municipal securities market.

The MSRB is responsible for developing and enforcing rules governing the issuance, sale, and trading of municipal securities. The MSRB also provides education and training to market participants and publishes reports and statistics on the municipal securities market.

The MSRB is governed by a board of directors, which is composed of representatives from the municipal securities industry, investors, and the public. The MSRB's staff is responsible for developing and enforcing rules, conducting examinations, and providing education and training.

The MSRB's rules are designed to protect investors and promote the integrity of the municipal securities market. The MSRB's rules cover a wide range of topics, including disclosure, anti-fraud, and recordkeeping. The MSRB also has the authority to impose sanctions on market participants who violate its rules.

The MSRB plays an important role in the municipal securities market. The MSRB's rules help to ensure that the market is fair, efficient, and transparent. The MSRB also provides education and training to market participants, which helps to keep them informed of their responsibilities and obligations.

The MSRB is a valuable resource for investors and market participants. The MSRB's rules, publications, and educational materials can help investors to make informed decisions about municipal securities investments. The MSRB also provides a forum for investors to voice their concerns about the municipal securities market.

The MSRB is committed to protecting investors and promoting the integrity of the municipal securities market. The MSRB's rules, publications, and educational materials are designed to help investors make informed decisions about municipal securities investments. The MSRB also provides a forum for investors to voice their concerns about the municipal securities market.