SEC Form MSD

Definition of 'SEC Form MSD'


A form that a bank, or a specific division or department of a bank, must complete and file with the Securities and Exchange Commission (SEC) in order to apply for registration as a municipal securities dealer (MSD). SEC form MSD is also used to make any amendments to a current MSD registration.

Investopedia explains 'SEC Form MSD'


The provisions for municipal securities dealers are covered under section 15b(a) of the Securities Exchange Act of 1934.

In addition, form MSD requires a firm to reveal if any staff person working with its municipal securities division has been involved in disciplinary proceedings related to the sale of securities.



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