Series 7: 18.2.3. Municipal Securities Rulemaking Board

Taken from our Series 7 Online Guide

18.2.3. Municipal Securities Rulemaking Board

As we have seen, the Municipal Securities Rulemaking Board (MSRB) was created by the Securities Acts Amendments of 1975. The MSRB is a self-regulatory organization that is subject to oversight by the SEC. It was established to promote a fair and efficient municipal securities market. The MSRB is governed by a 21-member board composed of members from the public and regulated entities such as dealers and banks. Among the duties of the MSRB is to conduct rulemaking for t

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