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?

    The primary difference between municipal bonds - also known as "munis" - and money market funds is that municipal bonds are ... Read Answer >>
  4. How can you use a debt service coverage ratio (DSCR) to evaluate municipal bonds?

    Learn how the debt service coverage ratio (DSCR) can be used by investors to analyze the risk level of revenue bonds offered ... Read Answer >>
  5. What do cities do with the funds generated from municipal bonds?

    Learn more about municipal bonds, including the various types of bonds issued and the purposes of municipal bond funds, such ... Read Answer >>
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    Learn how tax-free municipal bonds may provide better returns than other types of bonds, and understand the risks of municipal ... Read Answer >>
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