Municipal Securities Rulemaking Board

The Municipal Securities Rulemaking Board (MSRB) is a self-regulatory organization with a mission to protect investors, state and local governments, and other municipal entities. Established in 1975, the MSRB regulates municipal securities firms, banks, and municipal advisors to ensure a fair and efficient municipal securities market. It provides market transparency through its Electronic Municipal Market Access (EMMA®) website, serving as the official repository for information on all municipal bonds. The MSRB also offers extensive education and outreach to market stakeholders and serves as an objective resource on the municipal market.

The MSRB's role as a Congressionally-chartered organization, governed by a board of directors with a majority of public members, sets it apart as an entity subject to oversight by the Securities and Exchange Commission. Its dedication to market leadership on key issues makes it an influential player in the Government and Military industries. With its focus on maintaining market integrity and investor confidence, the MSRB embodies its slogan, "We give America the confidence to invest in its communities."