Which federal legislation established the Municipal Securities Rulemaking Board (MSRB)?

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Multiple Choice

Which federal legislation established the Municipal Securities Rulemaking Board (MSRB)?

Explanation:
The MSRB was created by the Securities Acts Amendments of 1975. That legislation added a dedicated rulemaking body to regulate municipal securities, giving the MSRB authority to set rules for brokers, dealers, and municipal advisors in the municipal securities market, with oversight by the SEC. The other acts address different parts of the securities world—primary issuance, overall market regulation, or investment companies—and do not establish the MSRB.

The MSRB was created by the Securities Acts Amendments of 1975. That legislation added a dedicated rulemaking body to regulate municipal securities, giving the MSRB authority to set rules for brokers, dealers, and municipal advisors in the municipal securities market, with oversight by the SEC. The other acts address different parts of the securities world—primary issuance, overall market regulation, or investment companies—and do not establish the MSRB.

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