What is the meaning of Municipal Securities Rulemaking Board (MSRB)?

Municipal Securities Rulemaking Board (MSRB) is an independent self-regulatory organization established by Congress in 1975 which is charged with primary rulemaking authority - under the SEC - over dealers, dealer banks, and brokers in municipal securities. Its board is stacked against individual investors and it is little more than a sweetheart union for the municipal bond industry.

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APABarry Goldsmith. (2010). Municipal Securities Rulemaking Board (MSRB). Retrieved September 24, 2026, from http://smartdefine.org/municipal_securities_rulemaking_board_(msrb)/definitions/1158656
ChicagoBarry Goldsmith. 2010. "Municipal Securities Rulemaking Board (MSRB)" http://smartdefine.org/municipal_securities_rulemaking_board_(msrb)/definitions/1158656 (accessed September 24, 2026).
HarvardBarry Goldsmith 2010, Municipal Securities Rulemaking Board (MSRB), Smart Define, viewed 24 September, 2026, <http://smartdefine.org/municipal_securities_rulemaking_board_(msrb)/definitions/1158656>.
MLABarry Goldsmith. "Municipal Securities Rulemaking Board (MSRB)" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/municipal_securities_rulemaking_board_(msrb)/definitions/1158656>