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A central purpose of msrb rules is to protect investors that buy or sell municipal securities. In addition to having educational material about the municipal securities market, the msrb website has an investor brochure and an ma client brochure that describe the protections that. The municipal securities rulemaking board (msrb) was established by congress in 1975 with the mission to protect investors, issuers and the public interest and to promote. The msrb website at www.msrb.org provides an investor brochure titled, information for municipal securities investors.

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