Municipal Securities Rulemaking Board


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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.

Municipal Securities Rulemaking Board (MSRB)

A 15-member self-regulatory board that sets and oversees the standards and practices of the municipal securities industry. The board is of particular importance since the issuing and trading of municipal securities are not subject to much of the federal regulation affecting other security transactions.
References in periodicals archive ?
For questions, contact Sara Majroh, Assistant Corporate Secretary and Board Administrator, Municipal Securities Rulemaking Board, 1900 Duke Street, Suite 600, Alexandria, VA, 22314-3412 or by phone (703) 797-6754 or email smajroh@msrb.
Municipal Securities Rulemaking Board, "Differential Re-Offering Prices," Interpretive Letter to Rule G-30, December 11, 2001, in MSRB Role Book, page 179.
The Municipal Securities Rulemaking Board (MSRB) and the National Association of Securities Dealers have endorsed a voluntary approach to financial disclosure by states and local governments.
The Municipal Securities Rulemaking Board (MSRB) is requesting public comment on a concept proposal to improve investor access to information about new issues of municipal securities.
Among the keynote speakers this year will be: Andrew Bowden, Director of the agency's Office of Compliance Inspections and Examinations at the SEC, Lynette Kelly, Executive Director of the Municipal Securities Rulemaking Board, and Chip Jones, Senior Vice President of Member Relations for FINRA.
The Municipal Securities Rulemaking Board (MSRB) was established in 1975 by Congress to develop rules regulating the involvement of financial institutions in underwriting, trading, and selling municipal securities.
The Municipal Securities Rulemaking Board (MSRB) last week released the details of its proposed new rules to prohibit municipal bond dealers from making political contributions, directly or indirectly, to local and state officials for the purpose of obtaining a city or town's bond business and to require municipal securities dealers to disclose all direct and indirect contributions to elected and non-elected local officials.
The Municipal Securities Rulemaking Board (MSRB) disclosure requirements in the troubled market for municipal auction rate securities (ARS) is intended to give investors important information about investing in ARS.
He added the conference will offer opportunities for dialogue with experts from the public and private sectors, including Jay Goldstone, chair of the Municipal Securities Rulemaking Board, and an alumnus of the School of Public Affairs' master's program in public administration.
However, under rules of the Municipal Securities Rulemaking Board (MSRB) - the self-regulatory organization governing municipal securities dealers - municipal securities transactions executed by dealers after the closing date of an issue generally will be subject to the T+3 settlement requirement.
The Municipal Securities Rulemaking Board (MSRB) today announced that Marcy Edwards has joined the MSRB Board of Directors for a three-year term.

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