The Municipal Securities Rulemaking Board, commonly referred to as the MSRB, was established by the federal government in 1975 to protect investors in municipal securities by establishing regulations and requiring market transparency from underwriters and issuers.  The MSRB promotes a free and open municipal securities market while keeping the public’s best interests in mind.  While the MSRB develops and updates the regulations, a number of governmental agencies help to enforce the regulations including  Financial Industry Regulatory Authority (FINRA), the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (FRB), and the United States Department of the Treasury's Office of the Comptroller of the Currency and Office of Thrift Supervision for banks.

The MSRB has established the Electronic Municipal Market Access (EMMA) to provide transparency in the municipal securities market.  EMMA requires specific details and documentation regarding all issues in the US to be submitted to the EMMA database.  MuniPriceTracker uses the data that is provided, along with additional trade analytics, to create our daily threshold monitor and our closing report to help you ensure pricing compliance for your bonds.  Call MuniPriceTracker today at (800) 723-3994 or email us at to learn more!