13.1 Regulatory Bodies and Framework

In this section

• Securities and Exchange Commission (SEC)
  Explore the pivotal role of the Securities and Exchange Commission (SEC) in regulating U.S. securities markets, ensuring investor protection, and maintaining market integrity.
• Financial Industry Regulatory Authority (FINRA)
  Explore the role of FINRA in regulating broker-dealers and ensuring fair securities markets. Understand its functions, rules, and impact on bond trading.
• Municipal Securities Rulemaking Board (MSRB)
  Explore the role and functions of the Municipal Securities Rulemaking Board (MSRB) in regulating the U.S. municipal securities market, ensuring transparency, and protecting investors.