Municipal Securities Rulemaking Board. A self-regulatory organization of the municipal securities industry that was created in 1975 under an amendment to the Securities Exchange Act of 1934. Its primary responsibility is to develop rules and regulations to govern the activities of municipal securities dealers, and to provide arbitration facilities to broker-dealers and bank dealers in municipal securities. See: Arbitration; Broker-Dealer; Securities Exchange Act of 1934

Municipal Securities Rulemaking Board. An independent, self-regulatory organization established by the Securities Act Amendments of 1975 and charged with primary rulemaking authority for the municipal securities industry.

MUNICIPAL SECURITIES RULEMAKING BOARD. The self-regulatory organization of the municipal securities industry. Created in 1975, it has primary responsibility for development of rules and regulations to govern the activities of municipal securities dealers.

Municipal Security Rulemaking Board

Municipal Securities Rulemaking Board. An independent self-regulatory organization established by Congress in 1975 which is charged with primary rulemaking authority - under the SEC - over dealers, dealer banks, and brokers in municipal securities.