MSRB Educates Retail Investors on Ways to Buy Municipal Bonds

Date: February 19, 2016

Contact: Jennifer A. Galloway, Chief Communications Officer


Washington, DC – To help retail investors weigh their options when buying or selling municipal securities, the Municipal Securities Rulemaking Board (MSRB) has published a new educational guide outlining the several alternative Ways to Buy Municipal Bonds.

Consistent with a recommendation from the Securities and Exchange Commission’s (SEC) Report on the Municipal Securities Market, the MSRB’s guide aims to improve investors’ understanding of the relative advantages and disadvantages of the different methods of buying municipal securities, from working with a full-service broker to trading independently through a self-managed account.

“This new guide is one of many free, objective educational resources available from the MSRB for investors seeking to be more informed about their decision to buy or sell municipal securities,” said MSRB Executive Director Lynnette Kelly.

The MSRB Education Center includes multimedia resources about the risks, opportunities and regulatory protections in place for investors in municipal bonds. Retail investors can also access general information about the municipal bond market, preparing to invest, working with financial professionals and understanding disclosures provided by bond issuers available on the MSRB’s Electronic Municipal Market Access (EMMA®) website

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.