Securities and Exchange Commission Historical Society

The Municipal Securities Rulemaking Board Gallery on Municipal Securities Regulation

In Recognition


The Gallery was made possible through the generous support of the Municipal Securities Rulemaking Board, in recognition of the 40th anniversary of its founding in 1975.

The Municipal Securities Rulemaking Board 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 Congressionally-chartered, 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 subject to oversight by the U.S. Securities and Exchange Commission.

The Gallery was prepared and built by Carla Rosati.

Dr. Durr thanks the members of the 2015-16 Museum Committee for their guidance in the development of the Gallery:  Timothy Burke, Morgan Lewis & Bockius LLP; Joseph Carcello, University of Tennessee; Daniel Goelzer, Baker & McKenzie LLP, Chair; Robert Helm, Dechert LLP; John Liftin, D.E. Shaw & Co. L.P.; David Martin, Covington & Burling LLP; James McKinney, University of Maryland; Richard Roberts, Roberts Raheb & Gradler LLC; Richard Rowe, Proskauer Rose LLP; and Erik Sirri, Babson College.


Permission for Use

The virtual museum and archive is copyrighted by the SEC Historical Society. The Society reserves the right to restrict access to or use of the museum by any user at any time.

Users are prohibited from sharing or downloading any material for publication or commercial purposes without written permission from the Executive Director. Requests for permission must be submitted by email and specify the material requested and for what purpose.

Material used with the Society's permission should be credited to: