MSRB Makes Political Contribution Disclosures Available on EMMA

Date: February 25, 2013

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


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced that it has moved its electronic library of political contribution disclosures made by municipal securities dealers to the Electronic Municipal Market Access (EMMA®) website to locate them alongside other municipal market disclosures and data.

Since the mid-1990s, the MSRB has made dealer political contribution disclosures available to the public through a repository hosted on the MSRB’s website. MSRB website users will now be directed to the new EMMA repository, which can also be accessed directly from the Market Activity tab of the EMMA website. 

Disclosures submitted to the MSRB by dealers in connection with contributions to governmental issuer officials, state and local political parties and bond ballot campaigns help investors and others assess any financial relationships and potential conflicts of interest between dealers and the issuers with which they are doing business. 

Moving the library of political contribution disclosures to the EMMA platform allows users to view this information as they explore the other information and data available on the EMMA website, including trade prices, official statements and market statistics. 

The EMMA system’s infrastructure also provides the MSRB with more advanced technological tools to maintain the library of political contribution disclosures.

The MSRB protects investors, state and local governments and other municipal entities, and the public interest by promoting a fair and efficient municipal securities market. The MSRB fulfills this mission by regulating the municipal securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB provides market transparency through its Electronic Municipal Market Access (EMMA®) website, the official repository for information on all municipal bonds. The MSRB also serves as an objective resource on the municipal market, conducts extensive education and outreach to market stakeholders, and provides market leadership on key issues. The MSRB is a self-regulatory organization governed by a 21-member board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is overseen by the Securities and Exchange Commission and Congress.