MSRB Publishes 2012 Annual Report and Audited Financial Statements

Date: January 8, 2013

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


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 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.