
About EMMA Municipal Securities Rulemaking BoardEMMA MSRB Form
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People also ask
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What is the responsibility of the Municipal Securities Rulemaking Board?
The MSRB's role includes developing rules to regulate the securities firms and banks involved in underwriting, trading and selling municipal securities. The MSRB Board, composed of members from the municipal securities dealer community and the public, sets standards for all municipal securities dealers.
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What is a municipal securities principal?
The municipal securities principal bears primary responsibility for overseeing the municipal securities activities of a securities firm or bank dealer.
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What is an Emma filing?
The Municipal Securities Rulemaking Board's (MSRB) Electronic Municipal Market Access (EMMA®) website is the official platform through which municipal issuers, obligated persons and their agents submit disclosures, including continuing disclosures, to the MSRB.
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What does the MSRB not regulate?
Importantly, the MSRB is not authorized to regulate municipal entities, including state and local government issuers of municipal securities.
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Who enforces the MSRB rules?
The MSRB's rules are enforced by the Financial Industry Regulatory Authority (FINRA) for securities firms, by bank regulatory agencies (the Board of Governors of the Federal Reserve System, the OCC, and the Federal Deposit Insurance Corporation) for banks registered as municipal securities dealers, and by the SEC for ...
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What does the Municipal Securities Rulemaking Board do?
The MSRB protects and strengthens the municipal bond market, enabling access to capital, economic growth, and societal progress in tens of thousands of communities across the country.
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Does the MSRB regulate municipal issuers?
The MSRB is a self-regulatory organization that is authorized to create rules to prevent fraudulent activity, enhance the efficiency and transparency of the market, and protect investors and the public interest.
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