MSRB


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Municipal Securities Rulemaking Board

A self-regulatory organization in the United States that provides regulations and guidelines for municipal bonds and other municipal securities. Its rulings apply both to municipalities that issue securities and to the firms that underwrite them. While it makes and publishes all guidelines, responsibility for enforcement resides with the SEC. Established in 1975, the MSRB consists of fifteen members chosen to represent bank dealers, securities firms, and the general public; these serve in staggered three year terms.

MSRB

References in periodicals archive ?
For more information, or to order The Solomon Exam Prep Guide: Series 51 MSRB Municipal Fund Securities Limited Principal Qualification Examination, 2nd Edition please go to: https://solomonexamprep.
Municipal advisors are already required to register with the SEC and the MSRB.
The MSRB protects investors, state and local governments and other municipal entities, and the public interest by promoting a fair and efficient municipal securities market.
To do this, the MSRB now regulates municipal advisors as well as municipal securities dealers, but does not regulate the activities of municipal entities or have jurisdiction over them.
Some MSRB rules clearly have been customized to the municipal
The Municipal Securities Representative Qualification Exam is written by the MSRB but administered by FINRA.
The MSRB proposed changes to its Rule G-23 that would prohibit financial advisors from also serving as an underwriter on a bond transaction.
Originally the MSRB had considered mandating federal political campaign disclosure laws on political campaign contributions.
The MSRB outlined its vision for developing such tools in its 2012 long-range plan for market transparency, which also previewed its goal to transform the EMMA website into a central transparency platform that would provide the market with a price discovery mechanism.
The Municipal Securities Representative Qualification Exam is written by the MSRB but it is administered by FINRA who charges $180 for the pleasure of taking the Series 52.
As the MSRB clarifies the regulatory requirements around time-of-trade disclosure and suitability, the product can be dynamically updated to comply with changing regulatory obligations.
In July 2009, the Securities and Exchange Commission (SEC) designated the MSRB as the official repository for municipal securities continuing disclosure filings that are required under SEC Rule 15c2-12.