White Papers
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Investor Protections in the Municipal Securities Market Learn about the protections afforded to individual investors in the municipal market provided by MSRB and other federal securities regulators. Read the MSRB's paper, Investor Protections in the Municipal Securities Market |
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Milestones in Municipal Market Transparency: The Evolution of EMMA® The turning point for market transparency came in 2008 when the MSRB created a centralized, online source of information that would level the playing field for investors. Read the MSRB's report, Milestones in Municipal Market Transparency: The Evolution of EMMA®. Read more about the development of other MSRB market transparency systems. |
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Self-Regulation and the Municipal Securities Market As the self-regulatory organization (SRO) created by Congress to promote a fair and efficient municipal securities market, the MSRB published a report summarizing the history of self-regulation in the U.S. capital markets and detailing the advantages of the MSRB’s distinctive SRO model. Read the MSRB's report, Self-Regulation and the Municipal Securities Market. |
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Municipal Securities: Financing the Nation's Infrastructure Read about the role of municipal securities in infrastructure finance and considerations for policymakers seeking to close the $2 trillion infrastructure gap. Read the MSRB's report, Municipal Securities: Financing the Nation's Infrastructure |