MSRB Podcast

Now You Are a Municipal Advisor – Disclosure Fundamentals

Posted: 7/23/2019
Non-solicitor municipal advisors have an obligation to disclose conflicts of interest and other information to clients. This episode discusses the disclosure provisions of MSRB Rule G-42.

Tax Reform Impact on the Supply and Demand of Municipal Bonds

Posted: 7/9/2019

Changes to the U.S. tax code have the potential to impact both the supply of municipal bonds and investor demand. This episode discusses important tax considerations, such as the state and local tax (SALT) deduction, that can influence municipal bond supply and demand, and provides additional insights into municipal market trends since the implementation of the Tax Cuts and Jobs Act of 2017.

Municipal Advisor Considerations in Preparing for Examination

Posted: 6/18/2019

Municipal advisors are periodically examined by the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, Inc. and other regulatory authorities for compliance with Municipal Securities Rulemaking Board rules. This episode discusses considerations for municipal advisors when preparing for a review by an examining authority.

Dealer Concentration and Participation in Municipal Securities Trading

Posted: 6/4/2019

The MSRB periodically analyzes dealer participation and concentration in municipal securities trading—two measures of liquidity that provide unique insights into trading activity. This episode discusses trends and changes in municipal securities dealer trading activity.

MSRB Rule G-37: Promoting Integrity in the Municipal Securities Market

Posted: 5/21/2019

Learn about key provisions of MSRB Rule G-37 and how the rule promotes the integrity of the municipal bond market.

Getting the Facts on the Muni Market

Posted: 5/7/2019

The MSRB’s collection of municipal bond market data and annual Fact Book provide information on municipal market trading patterns, primary market and continuing disclosures, and interest rate resets for municipal variable rate securities. Learn more about comprehensive and historical municipal market statistics and the MSRB Fact Book.

Professional Qualifications - A Conversation about MSRB Rule G-3

Posted: 4/23/2019

MSRB professional qualification standards establish baseline knowledge and competency requirements for municipal market professionals. Learn more about how the MSRB protects investors and state and local governments that engage in municipal bond transactions by ensuring individuals engaging in municipal dealer and advisory activities meet minimum qualifications.

A Conversation About Yield Curves

Posted: 4/9/2019

The municipal securities market is composed of more than one million unique bonds, each with its own specific structural characteristics, ratings and yields. Market benchmarks such as yield curves, provide sector-specific or broad market information about the general level of municipal interest rates. Not all benchmarks and yield curves are created equal. Hear about how different yield curves are used to evaluate a bond’s yield or performance.

Being Regulated – An Introduction for Municipal Advisors

Posted: 2/5/2014

What does it mean for municipal advisors to be regulated? This episode explains the importance of registration with securities regulators and the nature of MSRB rules. Municipal advisors can also find out how to participate in the rulemaking process and stay informed about new MSRB rules and interpretive guidance.

Providing Disclosure Information to Investors

Posted: 2/5/2014

This episode discusses why disclosure of information by municipal securities issuers is important for investors. It reviews the common types of disclosures and covers steps for making continuing disclosures available for investors on the MSRB’s Electronic Municipal Market Access (EMMA®) website.