MSRB Publishes 2014 Annual Report and Audited Financial Statements

The MSRB published its 2014 Annual Report, which reviews the organization's 2014 initiatives, as well as its financial highlights, and includes a link to the audited financial statements on the MSRB Web site.

The report reviewed MSRB 2014 initiatives, including:

• the implementation of a comprehensive regulatory framework for municipal advisors, including the advancement of core rules of conduct and a professional qualification program;
• a focus on enhancing market structure, particularly in the areas of price transparency and fairness;
• recent and planned enhancements to the display of trade data on the MSRB's Electronic Municipal Market Access ("EMMA") Web site, the official repository for information on virtually all municipal bonds;
• ongoing efforts to enhance regulatory efficiency and to consolidate and streamline key rules;
• the development of the online MSRB Education Center to host multimedia resources for investors, state and local governments, and others who are interested in learning about the municipal market; and
• financial highlights of the MSRB's sources of funding and allocation of resources.

See: MSRB 2014 Annual Report; MSRB Press Release.