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MSRB: Political Contributions Now Disclosed on EMMA Website

March 14, 2013

[ by Howard Haykin ]

The Municipal Securities Rulemaking Board has moved its electronic library of political contribution disclosures made by municipal securities dealers to the Electronic Municipal Market Access (EMMA) website, where they will be located alongside other municipal market disclosures and data.

Dealer political contribution disclosures are not new - they have been available through the MSRB since the mid-1990s.  By relocating them to EMMA, website users can now access the information directly from the Market Activity tab of the EMMA website – while accessing other information and data available on the EMMA website, including trade prices, official statements and market statistics. 

One cannot understate the importance of disclosures on political contributions – whether to governmental issuer officials, state and local political parties or bond ballot campaigns.  They help investors and others assess any financial relationships and potential conflicts of interest between dealers and the issuers with which they are doing business.

For further details, go to:   [MSRB Press Release, 2/25/13].