Series 14: 1.5.4. Municipal Securities Rulemaking Board (MSRB)

1.5.4. Municipal Securities Rulemaking Board (MSRB)

The Municipal Securities Rulemaking Board (MSRB) was created by the Securities Acts Amendments of 1975. The MSRB is a self-regulatory organization that is subject to oversight by the SEC. It was established to promote a fair and efficient municipal securities market. The MSRB is governed by a twenty-one-member board composed of members from the public and regulated entities such as dealers and banks. Among the duties of the MSRB is to conduct rule