Municipal Securities Regulation

Municipal securities regulation refers to the rules governing the issuance and trading of bonds and debt issued by local or state governments to finance public projects, like schools or roads. These regulations aim to protect investors by ensuring that municipalities provide accurate information about their financial health and the risks associated with their securities. The Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) oversee these rules, making sure that issuers disclose essential details and comply with ethical standards, thus promoting transparency and fairness in the municipal securities market.