Municipal Securities Rulemaking Board

The Municipal Securities Rulemaking Board (MSRB) is a key organization in the U.S. that regulates the municipal securities market, which includes bonds issued by states, cities, and other local entities to fund public projects. Its main purpose is to protect investors and promote fair practices in the buying and selling of these bonds. The MSRB establishes rules for brokers, dealers, and advisors, aiming to ensure transparency and integrity in transactions. By doing so, it helps maintain confidence in the municipal bond market, which is crucial for financing infrastructure and public services.