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A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
The MSRB was created by the Section 15B of the Securities Exchange Act of 1934 (as amended by the Securities Acts Amendments of 1975, Pub. L. 94–29, and codified at 15 U.S.C. § 78o-4(b)) to create a mechanism for the regulation of municipal securities as well as brokers, dealers, and banks in the municipal securities business.
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Title Release date(s) Developer(s) Publisher(s) 1000-nen Ōkoku: August 1986: LOG: LOG 177: September 1986: Macadamia Soft: dB-SOFT: 1942: 1987: Capcom: ASCII Corporation
Here’s a look at the primary risks associated with municipal bonds: Interest Rate Risk. Interest rate risk is one of the key threats to municipal bond investors.. When interest rates rise, the ...
The origins of the CUSIP system go back to 1964, when the financial markets were dealing with what was known as the securities settlement paper crunch on Wall Street. [5] [6] [7] At that time, increased trading volumes of equity securities, which were settled by the exchange of paper stock certificates, caused a backlog in clearing and settlement activities.
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