Issue Briefs

The MSRB summarizes market issues and developments affecting the municipal securities market to inform and educate policymakers and the public.

  • Disclosure
    Read about the regulatory foundation for disclosure in the municipal securities market and an overview of the MSRB’s efforts to facilitate disclosure.

  • Puerto Rico
    The MSRB provides trade information and other important data to assist investors and others seeking information on bonds issued by the Commonwealth of Puerto Rico and other issuers within the Commonwealth. 

  • Legal Entity Identifiers
    Effective 2017, the MSRB is an observer member of the Regulatory Oversight Committee for the Global LEI Foundation. The MSRB closely tracks progress related to the implementation of a global LEI and is considering where the use of an LEI may be appropriate for regulatory reporting.

  • Senior Investor Protection
    The protection of senior investors is an important issue for the MSRB given the demographics of the typical municipal bond investor. As most of these individuals are close to or post-retirement age, they may be at a higher risk for diminished capacity and manipulation by heirs or may be an attractive target for unscrupulous financial professionals.

  • Trends in Municipal Bond Ownership
    Federal Reserve Board data show that direct retail municipal bond holdings by households declined between 2006 and 2016.

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