Municipal Bonds Investment in Stocks Futures Bonds Directory

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Municipal Securities Rulemaking Board (MSRB) in Active Trader Links Directory

The Municipal Securities Rulemaking Board was established in 1975 by Congress to develop rules regulating securities firms and banks involved in underwriting, trading, and selling municipal securities- bonds and notes issued by states, cities, and counties or their agencies to help finance public projects. The Board, which is composed of members from the municipal securities dealer community and the public, sets standards for all municipal securities dealers. Like the New York Stock Exchange or the National Association of Securities Dealers, Inc., the Board is a self-regulatory organization that is subject to oversight by the Securities and Exchange Commission (SEC). This system of regulation is unique- the only example of functional or product-line regulation. It involves both securities firms and banks in the development of standards that benefit all participants in the municipal securities market- issuers, dealers, and investors. The structure for examination and enforcement of Board rules uses existing organizations- minimizing its cost.

Address: 1900 Duke Street Suite 600 Alexandria, VA 22314
Telephone: (703) 797-6600
Fax: (703) 797- 6700
Website: http://www.msrb.org/