Municipal Securities Rulemaking Board (MSRB)

The Municipal Securities Rulemaking Board (MSRB) is an independent organization in the United States that creates rules and regulations for the municipal securities market. This market involves bonds issued by states, cities, and other local governments to fund public projects. The MSRB's role is to protect investors, ensure fair trading practices, and promote transparency. It establishes standards for dealers and advisors who work with municipal securities, helping to maintain trust in this important part of the financial system. The MSRB also provides educational resources and tools for market participants.