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.

5
 
|15 years ago|235 views|share |citing 
APABarry Goldsmith. (2010). municipal securities rulemaking board (msrb). Retrieved September 30, 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 30, 2026).
HarvardBarry Goldsmith 2010, municipal securities rulemaking board (msrb), Smart Define, viewed 30 September, 2026, <http://smartdefine.org/municipal_securities_rulemaking_board_(msrb)/definitions/1158656>.
MLABarry Goldsmith. "municipal securities rulemaking board (msrb)" 21 October 2010. Web. 30 September 2026. <http://smartdefine.org/municipal_securities_rulemaking_board_(msrb)/definitions/1158656>