Municipal Securities Rulemaking Board - MSRB

DEFINITION of 'Municipal Securities Rulemaking Board - MSRB'

A regulating body that creates rules and policies for investment firms and banks in the issuing and sale of municipal bonds, notes and other municipal securities by states, cities and counties. Activities regulated by the MSRB include the underwriting, trading and selling of municipal securities financing public projects.

BREAKING DOWN 'Municipal Securities Rulemaking Board - MSRB'

The MSRB was established by the United States Congress in 1975. Like the New York Stock Exchange or the National Association of Securities Dealers, the MSRB is a self-regulatory organization that is subject to supervision by the Securities and Exchange Commission (SEC).

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RELATED FAQS
  1. Under MSRB Rules, a municipal representative must undergo an apprenticeship period ...

    The correct answer is d) The MSRB requires a 90-day apprenticeship period for a new representative. During this period, the ... Read Answer >>
  2. Under MSRB rules, which of the following municipal bonds would be quoted on a yield-to-call ...

    The correct answer is b. MSRB rules require that the customer confirmation show the lowest potential yield. In a bond trading ... Read Answer >>
  3. What is the difference between municipal bonds and standard money market funds?

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