Mission
The mission of the Municipal Securities Rulemaking Board (MSRB) is to protect investors, state and local government issuers, other municipal entities and the public interest by promoting a fair and efficient municipal market through:
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The establishment of rules for dealers and municipal advisors,
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The collection and dissemination of market information, and
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Market leadership, outreach and education.
Vision
Through the MSRB’s leadership, the municipal market operates fairly, transparently, efficiently and with integrity; investors and municipal entities are protected; there is a high degree of confidence in the municipal market; and the municipal market is a standard for other securities markets to emulate. The MSRB is a leading expert in and an objective resource for information about the municipal market.
About the MSRB
The Municipal Securities Rulemaking Board (MSRB) protects investors, issuers of municipal securities and entities whose credit stands behind municipal securities, and public pension plans by promoting a fair and efficient municipal market. The MSRB fulfills this mission by regulating securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB promotes disclosure and market transparency through its Electronic Municipal Market Access (EMMA®) website, provides education and conducts extensive outreach. The MSRB has operated under Congressional mandate with oversight by the Securities and Exchange Commission since 1975.
The MSRB maintains distinct programs aimed at achieving its mission and vision in an efficient and effective manner: