The Electronic Municipal Market Access (EMMA) system is a website that provides information on municipal securities, including bond prices, yield data, and other information on individual bonds. EMMA is operated by the Municipal Securities Rulemaking Board (MSRB), a self-regulatory organization for the municipal securities market. What is MSRB Rule g10? MSRB Rule g10 is a rule that governs the sale of municipal securities. The rule prohibits dealers from selling municipal securities to customers at prices that are not fair and reasonable. The rule also requires dealers to disclose their commissions and markups on municipal securities transactions.
What are Emma filings?
The Emma filings are the disclosure documents that issuers of municipal bonds are required to file with the Municipal Securities Rulemaking Board (MSRB). These filings include information on the issuer's financial condition, the terms of the bonds being issued, and the use of proceeds from the sale of the bonds.
How many types of municipal bonds are there?
There are two types of municipal bonds: general obligation and revenue. General obligation bonds are backed by the full faith and credit of the issuing municipality, and revenue bonds are backed by the specific revenue streams generated by the project the bonds are financing.
Where can retail investors find information on municipal bond issuers?
Municipal bond issuers typically make information about their bonds readily available on their websites. Many also make information available through the Municipal Securities Rulemaking Board's Electronic Municipal Market Access (EMMA) system.
In addition, retail investors can find information on municipal bond issuers through a number of third-party sources, such as The Bond Buyer, Moody's Investors Service, and Standard & Poor's.
What does Emma stand for MSRB?
The Municipal Securities Rulemaking Board (MSRB) is a regulatory body that governs the municipal securities market in the United States. Emma is the MSRB's official website and stands for Municipal Securities Rulemaking Board Electronic Municipal Market Access. Emma provides free, real-time online access to municipal securities transaction data, prices, and other market information.