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Contact: Jennifer A. Galloway, Chief Communications Officer
             (703) 797-6600
             jgalloway@msrb.org

MSRB PUBLISHES 2012 ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today published its 2012 Annual Report, which highlights the organization’s activities and provides financial highlights for the fiscal year that ended September 30, 2012. The report provides updates on MSRB initiatives, including the protection of investors and state and local governments, and improvements in municipal market transparency.

MSRB activities highlighted in the 2012 Annual Report include:

  • Investor protection initiatives such as the launch of the MSRB’s online toolkit for municipal securities investors
  • Expanded resources and protections for state and local governments
  • Recent and planned enhancements for the MSRB’s Electronic Municipal Market Access (EMMA®) website, the official repository for information on all municipal bonds
  • Recent outreach events and resources offered by the MSRB to educate market stakeholders about new developments and solicit input on MSRB initiatives
  • Financial highlights on the MSRB’s sources of funding and allocation of resources 

The financial highlights included in the annual report are supported by complete audited financial statements


The Municipal Securities Rulemaking Board (MSRB) was established by Congress in 1975 with the mission to protect investors, issuers and the public interest and to promote efficiency, competition and capital formation. MSRB is a private, self-regulatory organization governed by an independent board of directors with market knowledge and expertise. MSRB does not receive federal appropriations and is funded primarily through fees paid by regulated entities. MSRB is overseen by Congress and the Securities and Exchange Commission.